Crabtrees Real Estate Senior Executive Luke Pitcher and Executive Joseph Monea negotiated the sale of a 3-year-old office warehouse within Precision Business Park Notting Hill for $1 Million to a private investor, reflecting a sale rate of $3,086 per square metre.
7 Precision Lane was offered on the market via an Expressions of Interest campaign as an investment returning $53,460 pa net on a 3 x 3 year lease starting 1st Jan 2020.
Comprising total area of 324 sqm* with clear span warehousing with 7m height, first floor mezzanine office and 6 allocated car spaces.
“Precision Business Park, Notting Hill is one of the most tightly held business parks in that south east corridor with surrounding occupiers the likes of Mercedes-Benz, NEC & Adidas so we were not surprised with the enquiry level received. We fielded 74 quality enquiries resulting in multiple competitive offers for our vendor,” commented Luke Pitcher.
For further information please contact Luke Pitcher on 0417 055 578 or Joe Monea on 0448 486 665.
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