LJ Hooker Commercial Silverwater are delighted to announce the recent record-breaking sale of 40-42 Pavesi Street Smithfield, New South Wales.
Located within 400m of the Cumberland Highway, the huge 12,150sqm Industrial site sold under the hammer for a staggering $14.8 million, achieving a land rate $1,218.12/sqm.
13 bidders participated in the highly sought-after industrial sire, which generated an impressive 114 enquiries.
The commercial asset is leased to Eptec Pty Limited for $24,682.73 per calendar month Gross ex GST with the lease expiring on 30 June 2022.
Commenting on the enormous transaction, LJ Hooker Commercial Silverwater Director Marcel Elias said, "The outcome achieved significantly exceeded our expectations and comparable sales within the immediate and surrounding locations."
Mr Elias added, "The competition to acquire the asset was strong with several registered bidders. The buyer pool consisted of developers, owner occupiers and investors."
