According to CBRE, the owners of yoghurt manufacturer Ruby and Roy’s have sold the company’s property in Smithfield for $8.2 million plus GST as the occupiers retire.
CBRE’s Janet Joljian and Elijah Shakir managed the off-market sale campaign on behalf of the family-run Fab Fresh Bros. An owner-occupier pharmaceutical group purchased it.
“With a severe shortage of industrial property for sale and limited supply available, we had substantial interest from owner-occupiers, developers and investors,” Janet says.
“That is reflective of the continued strong demand across Western Sydney, and in this case the site was perfectly suited to the pharmaceutical group buyer,” she adds.
The property is located at 98 Long Street, which runs onto the Cumberland Highway and is approximately 10 minutes from the M4 Motorway and Great Western Highway.
It is 4546 sqms and features a 2407 sqms building with cold storage. The price reflects a building rate of $3408 sqms.
For more information on CBRE, click here.
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