6 & 10 Somersby Falls Road, Somersby, NSW
“We are expecting strong interest in the offering,” Mr Hadgelias said.
“Industrial real estate is one of the top performing assets across the country. Limited supply is keeping vacancies low across the country while capital returns remain positive, making this asset class a solid head against inflation.”
Ray White head of research Vanessa Rader said industrial continued to be the asset class most sought after to invest in after robust activity during the pandemic period.
“Sydney’s limited and expensive developable land supply, together with rising rents, has seen many occupiers and investors look to areas outside metropolitan areas,” she said.
“This trend also follows our strong population gains particularly in emerging markets such as the Central Coast and Newcastle given their growing workforce and burgeoning new business starts.”
Mr van Heyst said he was expecting a broad range of interest.
“Significant industrial properties with development/value add potential, like this one, are attracting interest from a diverse array of buyers, including international investors and local entrepreneurs seeking ownership of their operational space,” he said.
6 & 10 Somersby Falls Road, Somersby are offered for sale via Expressions of Interest campaign closing at 3:00pm (AEST) on Tuesday, 17th October 2023.
