Hannas collects $11.8m from serviced Prestons parcel

Diversified investor Hannas Group has sold a Prestons industrial site for $11.81 million.

At 195 Wonga Road, the 1.46 hectare property was offered benched and serviced with power, sewerage, telecommunications and water.

Settlement was marketed as expected in the third quarter.

The purchaser is a private developer.

LJ Hooker’s Marcel Elias represented Hannas Group which elsewhere in Sydney owns Enfield’s Central Business Park and Greystanes’ Bluestone Industrial Estate (story continues below).

The Prestons parcel is zoned IN1 General Industrial.

In the Liverpool shire, the suburb is 37 kilometres south west of the CBD.

It is about 15km east of Western Sydney Airport, which is under construction.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.