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Owner-Occupier Purchases Hornsby Facility

29-33-KIng-Rd-1

A local owner-occupier has paid $8.6 million for an office/warehouse complex at Hornsby in Sydney’s north-west in an off-market deal brokered by Savills Australia.

According to Savills’ Industrial Executive, Leigh Burges, who negotiated the deal with Divisional Director, Peter Steinhour, the property - one of the largest industrial facilities in the Hornsby Industrial Precinct - was sold subject to a short term lease to global manufacturer of integrated ovens and baking systems, Auto-Bake.

The 29-33 King Road property comprises 4697 square metres of industrial office and warehousing across three separate buildings including 3918 square metres of warehouse and insulated cool room space and 779 square metres of office space. The 8756 square metre site provides extensive hardstand and container access and storage with an all-weather unloading facility.

Mr Burges said the sale was an excellent result for the vendor and one of the most significant recent deals for the precinct, whilst providing the purchaser with a property which was well suited to its requirements.

"The purchaser had sought a spacious and well-presented facility which provided an efficient working layout, including cranes and truck marshalling areas, in the best possible location.

"The buildings’ capacity and functionality were a very good fit for the tenant’s requirements, while the King Road location offered quick access to the M1 Motorway via the Pacific Highway to the north and the M2 via Pennant Hills Road to the south providing easy access around Sydney,’’ Mr Burges said.

The vendor was a private investor.

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Article originally posted at: https://https://theurbandeveloper.com/articles/owner-occupier-purchases-hornsby-facility