This article is from the Australian Property Journal archive
FIFE Capital Funds has bought an industrial property at Wetherill Park in Sydney's west, for $22 million on a passing yield of 11.36%.
The deal was negotiated by Savills’ Ray Trimboli, Greg Cohen and Graham Hemingway.
Trimboli said the property was a very rare opportunity as it boasted a very strong lease covenant to DHL.
Located at 74-94 Newton Rd Wetherill Park, 30 kms west of the CBD and 10 km west of the Parramatta CBD, the high clearance distribution and storage facility comprises a gross lettable area of 17,050 sqm on a site of 5.19 ha.
Property Review