This article is from the Australian Property Journal archive
TWO industrial properties have changed hands in Sydney, totalling $15.3 million.
In the first deal, an offshore investor paid $9 million for 230 Hoxton Park Rd Prestons in Sydney’s south-west.
The deal was negotiated by LJ Hooker Commercial’s Marcel Elias.
Improvements include a 6,533 sqm building, which is leased to Fleet Pro Bus & Coach on a net annual rental of $685,965.
Also in Sydney’s south-west, Colliers International’s Jon Orsborn and Gavin Bishop sold an industrial property at 202-214 Milperra Rd Milperra to Luzon and ATF Calautti Family Trust III.
The property comprises a 3,611 sqm building on a 20,469 sqm site.
Australian Property Journal