Silverwater industrial property sold by JLL

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Nov 12, 2024

Silverwater industrial property sold by JLL

A versatile 1,600sqm industrial property located at 98-104 Carnarvon Street Silverwater sold for $12.05 million brokered by Marco Chiodo and David Lidgard of JLL.

JLL

98-104 Carnarvon Street Silverwater sold by JLL

A versatile 1,600sqm industrial property situated on a prominent corner block in Silverwater has been sold for $12.05 million in a deal brokered by JLL.

The property, located at 98-104 Carnarvon Street, boasts dual street access and sits on a generous 2,975sqm site, offering significant potential for various industrial applications.

JLL Head of Logistics and Industrial – NSW, Marco Chiodo, said the result demonstrates the large appetite in the market for owner occupiers starved of quality opportunities in in-fill locations.

"The Silverwater property stands out with its strategic corner position and adaptable layout in one of Sydney's most sought-after industrial precincts," Mr Chiodo said.

"With high-clearance warehousing reaching up to 6.8m and the potential for division into two separate units, the site offers exceptional flexibility for businesses looking to establish or expand their operations in this prime location."

The property features secure palisade fencing and a spacious yard area, making it ideal for businesses requiring container loading and unloading capabilities.

It also offers ample on-site parking with 23 car spaces, enhancing its appeal for businesses with significant staff or client parking needs.

JLL Senior Director, Logistics and Industrial – NSW, David Lidgard, highlighted the property's strategic location and strong market fundamentals that supported the sale.

"Situated just 19.1km from Sydney's CBD, this Silverwater property benefits from its proximity to major industrial occupiers," Mr Lidgard said.

"The area's E4 General Industrial zoning further enhances its appeal for a wide range of industrial applications."

The property's versatility is further emphasised by its two on-grade roller door access points and existing office fit-out, allowing for immediate occupancy or customisation to suit specific business needs.

Mr Chiodo added, "An additional advantage for the purchaser is the passing rent until October 2025, which allows for a GST-free sale. This aspect, combined with the property's prime location and adaptable features, made it an attractive investment in the current market."

The private sale saw strong interest from various parties, reflecting the ongoing demand for well-positioned industrial assets in Sydney's middle-ring suburbs.