Whilst the strength of the top end industrial investment market is regularly reported in the daily press and social media, Link Property Services continues to field strong enquiry from the business community asking ‘What about me ?’
The availability of existing vacant possession stock to purchase is markedly thin, and the availability of vacant land for sale is even less.
Some mid size industrial lots remain scattered throughout Eastern Creek & Erskine Park and a recent 29 lot industrial DA approved subdivision at Waterside Corporate Park Penrith has sold all but 2 lots off the plan with the developers considering various development & disposal options to maximise the return from the remaining 2 lots.
A new development consent for a staged release including 100,000sqm of light industry development has been approved at Bringelly Road Business Hub however this will not provide the opportunity for Torrens Title purchase by either corporate or private business.
Improving road networks to both the north-west & south-west sectors coupled with the shortage of stock across metro Sydney has seen these locations continue to prosper and they will be increasingly relied upon to absorb more of Sydney’s burgeoning industrial property demand.
Posted: 16 March 2016