Taiwanese technology group snaps up Sydney warehouse
A Taiwanese technology group has paid $10 million for a two-level Sydney industrial property with an office and showroom component, to occupy.
With total acquisition costs including taxes, brokerage and other expenses, Beyond Legend will outlay about $10.65m for 21-23 Elizabeth Street, Wetherill Park.
The buyer is a subsidiary of data storage and network-attached storage company QNAP Systems.
The vendor was Ross Leonard Haron, as trustee for the Ross Haron Family Trust.
Wetherill Park is about 35 kilometres west of the CBD.
21-23 Elizabeth Street
On 2350 square metres on the south-west corner of Allen Place, a block from The Horsley Drive, the Wetherill Park property contains a 1578 sqm building with air conditioning and staff amenities (continues below).
Internal clearance is up to 7.7 metres.
The property is serviced by 220 amps of power.
The E4 General Industrial-zoned site has 23 allocated car parks.
Fit-out, the seller offered it with an optional six-month leaseback at $200 per sqm net as a going concern.
CBRE’s Janet Joljian and Nicholas Kennedy with Gus Faga from WPIRE (Wetherill Park Industrial Real Estate) were the agents.
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