A strong campaign response for a prominent industrial facility at 6 Woods Close, Huntingwood has led to its sale for $14,710,000, after RWC Western Sydney made the executive decision to transition from an Expressions of Interest campaign to a live auction, citing the high level of buyer engagement.
Initially offered via EOI, the property attracted over 90 enquiries, 25 inspections, and 17 formal offers from a mix of investors, funds, and potential occupiers. The depth of competition prompted the agency to pivot mid-campaign to an auction format in order to ensure transparency and give all parties equal opportunity to participate.
“We don't often move from EOI to auction, but in this case, it was clear there was significant competitive tension and a strong pool of genuine buyers,” said Peter Vines, managing director at RWC Western Sydney. “Switching to an auction allowed us to manage that interest in a fair and open environment, which ultimately delivered a great outcome for our client.”
"Another really interesting characteristic was that six of the bidders were all owner occupiers to occupy in around seven years time which is incredibly unique."
The property was sold on behalf of RA Peel Holdings Pty Ltd to a private investor. Situated in one of Western Sydney’s most established industrial precincts, the site offers 3,518sqm of building area*, including 2,700sqm of high-clearance warehouse* and 817sqm of office space*, along with 21 car spaces, surplus land at the rear, and a fully gated layout with excellent truck access.
The site also holds local historical significance, believed to be the resting place of John Wood, the original landowner of the entire suburb of Huntingwood.
“The campaign confirmed what we’re seeing more broadly in this asset class-well-located, functional industrial assets are still in high demand,” said Victor Sheu, director at RWC Western Sydney. “The volume of enquiry and the variety of interested parties, ranging from institutional buyers to owner-occupiers, reflected how tightly held this part of the market is.”
“This was a really engaged group of buyers. Many had active mandates and were ready to move quickly. It made sense to let that play out in a more transparent and competitive setting," said RWC Western Sydney sales executive Owen White.
RWC Western Sydney reports that more than $200 million in active, undeployed capital is still searching for similar opportunities across Sydney’s industrial market, evidence that appetite for quality stock remains strong.
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