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Warehouse sale rounds out LJ Hooker Commercial’s December auction program

Warehouse sale rounds out LJ Hooker Commercial’s December auction program

By Ryan Ellem on Dec 21 2018


Proving quality assets withstand the holiday-season wind-down, a Western Sydney warehouse taken to auction by global jewellery and accessories house Swaroksvi sold under the hammer on Thursday (December 20) for $3.45 million.

The Smithfield property was marketed by LJ Hooker Commercial Silverwater Principal Marcel Elias and rounded out the national network’s December auction portfolio program.

The freestanding A-grade warehouse / office property was set across a 3,388sqm site. Owner-occupants led enquiries with the property becoming vacant on May 31 next year (2019). Five bidders contested the auction.

The Smithfield property was part of a 24-property portfolio spanning industrial, office, retail, development sites and farmland that were auctioned during December in the nationwide program.

Some of the sales over the month included: The Smithfield property, at 9 Tarlington Place, boasted container-size roller shutter doors, internal warehouse clearances ranging from 6.55m up to 7.8m and easy access to the Cumberland Highway and the M4 Motorway.

Mr Elias said the property generated significant interest during the four-week marketing campaign.

“I had no qualms taking the property to auction five days out from Christmas,” said Mr Elias.

“Freehold, sub-2000 sqm warehouse / office assets have been prized commodities in Sydney’s Central West industrial corridor throughout 2019. There’s been an undersupply at a time when the state’s employment figures have been on the rise.

“The sub-2000sqm warehouse demand will carry over into 2019 where well positioned stock will be in strongly contested.”

Swarovski took the property to market – which they had been using to store their bespoke production equipment – having found a new premise nearby.

For media information:
Ryan Ellem
PR & Communications Consultant

E rellem@ljhooker.com
M 0427 916 020

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