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News release

Sydney

Milperra industrial property sells for AUD12.1 million


​SYDNEY, 17 DECEMBER 2014 – A 3.34 hectare property comprising a freestanding industrial warehouse and office located at 318 Horsley Road, Milperra in Sydney’s south-west has sold for $12.1 million to a privately owned owner-occupier.
JLL’s Director of Industrial for Parramatta, Orlando Maciel, handled the transaction. 

Mr Maciel said, “We received strong interest from many bidders for this property due to its size, room for future expansion and proximity to the M5 Motorway.

“Milperra is highly sought after for its location and established industrial area, and interest is expected to increase due to a number of factors. The announcement of the Moorebank Intermodal Terminal which will handle growing levels of Sydney freight will be increasingly important for industrial occupiers. As the terminal is developed, we expect industrial demand to rise in the South-West Sydney area.

“The whole South-West Corridor will increasingly become geographically important for logistics and warehousing investors and owner-occupiers, with the widening of the M5 planned with the WestConnex project enabling more freight to travel by road.

“In addition Badgerys Creek airport will be beneficial for industrial users in the South-Western Sydney area given its importance for logistics.” 

Just two minutes’ drive to Bankstown Airport, 318 Horsley Road, Milperra is approximately 24 kilometres south-west by road from the Sydney CBD and is close to major arterial roads including the M5 Motorway, Henry Lawson Drive and the Hume Highway. 

The property comprises a warehouse and office with a rear hardstand, car parking and vehicle access around the entire building perimeter.