Our Upstate Commercial team, in partnership with Colliers, recently sold industrial property 22 Narabang Way, Belrose on behalf of EG for $26 million – promising their Private Wealth investors a return in excess of 27% p.a. over a 2.5-year hold period.
“Upstate sold the property to EG in November 2019 for $18.09 million. Now, we have successfully resold it for them at $26 million,” says Vincent West, Commercial Licensee and Director in Charge at Upstate.
This fully leased multi-tenanted industrial estate is located within one of Sydney’s most tightly held commercial and industrial precincts, benefitting from multiple value-adding opportunities and growth potential.
The unique Upstate approach to commercial property success
There’s a reason why we’re able to achieve such phenomenal results – it all comes down to diligence and striving for the best outcome for our clients.
Our team of Sydney commercial real estate experts leverage reliable market research combined with our years of collective commercial experience and then apply a tech-savvy, client-focused approach to determine the best course of action when it comes to selling commercial properties.
According to Vincent West, “22 Narabang Way, Belrose is a great property with virtually zero comparable properties available for sale, not just on the beaches but even across greater Sydney. With Upstate’s strong marketing campaign, the property was able to capture interest and attract multiple quality offers from local buyers to national and international investment groups.”
As the second highest commercial property sale in the last 12 months, 22 Narabang is a pivotal sale for region. The industrial sector has been resilient through times of uncertainty and demonstrated to be a covid proof industry.
So, when it comes to real estate across the Northern Beaches, you can trust that Upstate is always here to help you achieve excellent results. We’re committed to delivering the most comprehensive service, adapting to the evolving commercial real estate market, and accommodating the growing needs of our clients.
Get your commercial property sold and find yourself in a better place
Our Upstate real estate specialists collaborate with you to achieve your commercial property goals. That’s because we’re a big agency with the heart and determination of a boutique one. If you would like further details on the sale of 22 Narabang or to discuss your options, Vincent West and Oliver Rosati are here to help.
Speak to your local Upstate team today and we’ll show you the possibilities that earn excellent results. We look forward to chatting with you soon.
The Upstate team
