LJ Hooker Commercial Silverwater are excited to announce the recent sale of 20 Picrite Close, Pemulwuy for a combined price of $31,550,276.
Marketed by the expert LJ Hooker team comprising of Marcel Elias, Aymen Sobbi, & Daniel David, the industrial estate was an ongoing sales campaign, selling many units to multiple buyers, and generating over 5,000 enquires over a 2 year period.
The estate was a rare offering as 33 units are not on street level and sit elevated partially on a volcanic rock cliff, and a suspended slab while bordering the Sydney Water Reservoir. Each unit provides its own allocated parking, large roller shutter door and mezzanine office accommodation. The off-the plan industrial units sized from 90sqm – 1500sqm, accommodating for flexible buyer preferences.
A total of 42 units sold with 90% of the estate ended up selling prior to completion. The smallest unit on offer sold for $396,000, whilst the largest unit, being 1,566sqm sold for $4,700.000.
The property was developed by Sydney based developers ‘Hannas who have over 30 years of history and has delivered a host of exciting developers in addition to the Industrial Estate in Pemulwuy.
Commenting on the fantastic sale the LJ Hooker Commercial Silverwater team said, "The estate initially provided a great challenge to sell off-the plan given the unique nature of its design."
"The developers ‘Hannas' have essentially done something that has not been done in this part of Sydney by developing an industrial estate located approximately 20m off the street level and this was something buyers were not accustomed to."
"Once construction was well underway we found that units began to sell almost on a weekly basis as buyers were able to understand the design and recognise the distinctiveness that this estate has to anything else that was built in recent times.”
