A warehouse in Sydney’s Eastern Creek has sold for $13.325 million, with agents reporting the transaction as a suburb record.
The freestanding warehouse, located at 2 Clay Place, spans 2,111 square metres on a 5,423-square-metre site and is currently leased to PremiAir Pty Ltd, an equipment hire specialist supplying diesel and electric air compressors, generators, lighting towers, traffic management equipment and sustainable event solutions.
The deal, struck at a rate of $6,312.17 per square metre, was negotiated by Knight Frank’s Matt Chambers and Orlando Maciel, alongside Peter Pazios of Coutts, who acted for the vendor. The property’s quality, scale and accessibility contributed to strong buyer interest during a five-week Expressions of Interest campaign.
Matt says more than 80 qualified buyer groups inspected or enquired about the site, with competition evenly split between investors and owner-occupiers. “The interest was evenly split between owner-occupiers and investors, culminating in a suburb record sale,” he says. “This reflects the ongoing strength and confidence in the market, as well as the demand for quality industrial assets within Western Sydney.”
Orlando notes that Eastern Creek remains one of Australia’s most tightly held logistics precincts, with occupancy above 92 per cent and sustained appetite from both tenants and purchasers. “The occupancy rate in Eastern Creek is more than 92%, with the suburb highly sought after by tenants and owner-occupiers,” he says.
The warehouse features four roller shutter doors, clearance height of up to 8.85 metres, full concrete panel construction, a clearspan interior and full drive-around vehicle access with multiple all-weather loading awnings. Its prominent position also offers strong exposure to Wallgrove Road and the M7 Motorway, with direct connections to the M7 and M4 corridors.
“This is a landmark Eastern Creek site with strong visibility and signage exposure,” Orlando adds. “It is highly accessible, with direct access to the M7 and M4 Motorways with connections to all major arterial roads.”
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