Industrial sales heating up in the Sutherland Shire

April, 2018 

Anthony Bouteris, Co-Principal at Raine & Horne Commercial Sutherland Shire says industrial sales are going from strength to strength.

Delivering robust yields of 5.0%, industrial buildings were spending very few days on the market. Most notably, a 15-year-old factory unit in Northumberland Drive in Caringbah, with a 10-year lease and a five year option, and a net rent of $180,000 per annum, sold for $3.2 million in just two weeks.

Sales under $5 million were mainly driven by local investors and self-managed super funds. Sales in this price range were achieving yields between 4.5 to 5.0 %.

After one week on the market, a free-standing 500 square metre building was snapped up for $1,975,000. Situated on 740 square metres of land, number 20 Erskine Road, Caringbah had a two-year lease, with a five-year option.

According to Anthony, a lack of stock is an issue within the office market so people considering selling office space should make that leap.

Meanwhile, yields in the retail market were between 5.0 – 6.0 %, with little change in the past 12 months.

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Our full-service commercial real estate network can provide in-depth knowledge of local and regional property markets, with insight and understanding that comes from being a part of a long-established national and international property group. Committed to personalised service and achieving unsurpassed results, our clients continue to benefit from our network strength, which allows substantial cross-flow of international referral, advice and investment.

The Raine & Horne Commercial network is comprised of 100% owner-managed offices and includes numerous industry leaders and award winners. We employ agents who are empowered, encouraged to share and who maintain first rate communication to deliver the best possible outcome with every transaction. We pride ourselves on staying abreast of local and national trends and developments in the property industry, resulting in consistently cutting-edge services and holistic solutions for our clients.

Our industry experts embody and respect the family-oriented values synonymous with the Raine & Horne Commercial brand, allowing us to provide a complete range of professional services for all aspects of commercial, industrial, retail sales, leasing and specialist properties.