Property Details
Building type: Industrial
Building area: 3,872m2
Land area: 7,872m2
Purchase Details
Purchase price: $21.1 million
Net passing yield: Nil
$/m2 building area: $5,449/m2
$/m2 land area: $2,680/m2
Property Features
Freestanding Industrial property in the sought-after western Sydney suburb of Huntingwood.
Owner/ occupier purchase by the sitting, long-term tenant.
Recently refurbished, the property boasts a high-quality finish.
Tenancy Details
Purchased by current tenant who have leased the premises for over 5 years.
How Did Prosper Group Assist Their Client?
Our client, in the Food Industry, was seeking to become an Owner Occupier due to an expected 50% increase in rent at the end of 2025 and wanting to invest heavily in technology to improve efficiency and production levels, which wasn’t viable unless they owned their business premise.
Prior to engaging Prosper Group, our client had unsuccessfully attempted to negotiate the purchase of their existing property with their landlord.
Prosper Group conducted an extensive search across the wider Sydney Industrial market for suitable business premises. This search produced a suitable off-market alternative in a prime location.
At the same time as conducting our search, we had been in discussions with our client's landlord. Prior to committing to the off-market opportunity we had sourced, we were able to negotiate market terms and price on our client's existing property, which would avoid significant relocation costs and production downtime.
Whilst our client didn't believe it was possible, purchasing their existing property was always their preferred option. Our client was thrilled with the outcome and what Prosper Group made possible.