In a testament to the strong demand for industrial assets in Sydney’s South West, Complete Metal Industries (CMI), a local occupier, has secured a 2042.31 sqm site at 15 York Road, Ingleburn, NSW, in an off-market transaction for $4.5 million (+ GST).
The transaction saw contracts exchanged within 24 hours of the first inspection, underscoring the high desirability of assets with development potential in the area and the sale achieved a notable land rate of $2,203 per square metre, a benchmark figure for the Ingleburn market. The site comprises a 581 sqm Building with a 29.86 metre frontage and Zoning – E4 General Industrial.
This result highlights the increasing competition among buyers seeking to capitalise on Ingleburn's strategic location and growing industrial prominence.
Aston Dalfonso, Cushman & Wakefield’s Executive Brokerage Logistics & Industrial – Sydney South West, who managed the sale with colleague Dean La Delfa, said “The swift nature of this transaction and the strong land rate achieved reflect the ongoing demand for industrial sites in Ingleburn.
“Buyers are increasingly drawn to the area’s development opportunities and excellent connectivity. Complete Metal Industries has secured an exceptional asset that will support their growth and operations.”
Dean La Delfa, Cushman & Wakefield’s Executive Brokerage Logistics & Industrial – Sydney South said:
"With minimal on-market sale campaigns, we’re seeing strong demand from owner-occupiers and developers actively searching for opportunities. There are also several off-market options available in the outer southwest, offering unique opportunities for those ready to act quickly."
