We don’t just ‘do deals’, Link Property Services specialises in adding value and solving problems for our valued clients.
investment sale
30-32 Raymond Avenue, Matraville
Link Property Services were appointed on the sale of a 1,634 sq m vacant site at 30-32 Raymond Ave Matraville.
We immediately canvassed the adjoining owner, who was Melbourne based, to advise of the opportunity and we subsequently negotiated the sale of the vacant site to them.
As a result of the site consolidation, the owner was able to design two adjoining office/warehouse buildings of 2,053 sqm & 1,249 sqm respectively , and secure a pre-commitment for the site. Link Property Services were then appointed as property managers over the development.
Leading up to the initial tenant’s expiry, Link was engaged to market the property for lease which led to a 10 year lease of the entire property to international freight & logistic business Austway Express.
After securing the long term commitment, the vendor made the decision to sell the properties and appointed Link Property Services as their exclusive sale agents. The EOI campaign offered the properties to market either in one-line or as separate free standing properties. The campaign generated a strong level of interest and the development was sold in one-line to a private investor at the completion of the EOI campaign.
Link Property Services were then re-appointed as their managing agents and after this extraordinary full agency undertaking continue to manage both properties today.
leasing
395 Pembroke Road, Minto
Client | Goodman
Independent Warehouse Solutions (IWS), a privately owned transport and logistics firm, were in the process of being awarded the Lowes (Menswear) contract and as such, required additional space to accommodate this particular requirement. A consultant with whom we had previous dealings with, introduced Link Property Services to IWS. There was an immediate connection and Link were engaged exclusively to secure suitable premises for IWS. After an extensive search for approximately 9,000 sqm of warehouse space across Western Sydney, Link identified a Goodman owned facility of 9,192sqm at Keylink North Industrial Estate, Minto, which was optimal for IWS from a location and operational perspective. Link then negotiated commercial terms which were ideal for both Goodman and IWS. Goodman benefited by achieving the asking rental with no letting up period, whilst IWS inherited racking and other infrastructure within the facility, which saved them substantial capital expenditure for the setup of their operation.
60 O’Riordan Street, Alexandria
Tenant | Australian Automotive Group Pty Ltd
On behalf of an established private client, we were able to negotiate an outcome that included repositioning their asset with capital works to transform the facility from a traditional office / warehouse into a substantial automotive showroom and service centre for an established brand, who committed to a 10 year lease. Link Property Services introduced Australian Automotive Group Pty Ltd for the relocation of their Ford Motors dealership from Zetland, which included a new façade, vehicle lift, and 2 storey car park to complement their intended use. The 4,589 sqm facility sit on a high profile 7,666 sqm site ideally suited to this operation. Through repositioning the asset and securing a long term commitment from such an established business, we were able to deliver a substantial uplift in our client’s property value.
vacant possession
21 Amax Avenue, Girraween
Stemming from a referral by a previous business client, Link Property Services had been providing the owner of 21 Amax Ave Girraween market advice and updates for a number of years prior to their eventual decision to dispose of the property.
Due to the prevailing market conditions at the time combined with the attributes of the property it was Links recommendation to offer the property for sale by Public Auction.
The 1583 sqm premises had been built as 3 individual and self-contained units on a 3,083 sqm site enabling the offering to be either vacant possession , part, or full leaseback , therefore allowing for a wide diversity of prospective purchasers. The further possibility of potential to strata subdivide the 3 units STCA added another option to purchasers / developers.
Interest in the property was exceptionally strong and generated a number of offers prior to the auction date. It was Links recommendation to therefore amend the sale process to formal tender with those interested parties being given the opportunity to submit a formal offer by tender by a given closing date. Multiple offers were received and contracts were exchanged with the highest & best offer for our clients interests.
The sale price of $6.85 million was a strong reflection of the interest in the premises from a diverse range of purchasers , and represented an outstanding outcome for our long term client.
476 Gardeners Road, Alexandria
An incredible success story
With the leasing of Unit 5 Artie Kalpidis has remarkably now engaged in transactions on every unit within Century Estate, Gardeners Rd Alexandria. Artie has the distinction of having sold or leased some of the units within the Estate on multiple occasions each.
Artie’s most recent sale of unit 8 was for $9.75m. His first sale within the Estate was in 2004 with the sale of unit 5 for $4.01 m. Since then he has sold or leased & co-ordinated an incredible total of 19 transactions within the property. Artie says “The market has certainly evolved considerably since that first deal with some rates having quadrupled since then”.
“Although the Estate itself is now about 35 years old the original design has stood the test of time and there is always strong demand whenever an opportunity arises , with a number of the owner occupiers having remained in situ since the development was converted to strata title nearly 20 years ago”.
vacant land sales
41-51 Waratah Street, Kirrawee
Client | Seljanne Pty Ltd
One of Sydney’s highest profile development sites has been sold following a competitive Expression of Interest campaign run by GJS Property and Link Property Services.
The property comprises approximately 16,780 sqm of land area, with outstanding exposure to both Waratah Street and Bath Road via an almost 280 metre street frontage.
The sale of this prime parcel of gateway land represents an outstanding opportunity for the purchaser to capitalise on the last remaining site of this scale in the immediate industrial precinct, and one of the last large scale brownfield sites in a key employment zone in southern Sydney.
Key features:-
- two street frontages
- gateway site
- surrounded by key users such as Bunnings, Mazda, Auto Plaza
- level site, sealed with concrete and bitumen
- RL of site to Waratah Street level provides opportunity for creative design and maximisation of FSR under the LEP
- genuine development potential
The EOI process generated 60 plus qualified enquiries and consequently 7 offers were submitted at close of EOI.4 companies were short listed and after further negotiations, terms were agreed and the property was sold for $29 million as a going concern with a 6 month settlement to Mackaycorp Pty Ltd.
Lot 7, Gregory Hills Corporate Park, Gregory Hills
Client | Gregory Hills Corporate Park
Link Property Services announces the successful sale of 33,488sqm of land Zoned B5 Business development located within the Gregory Hills Corporate Park, The property was acquired by Home Consortium, with thanks to Sid Sharma who established a joint venture with Acurio Health Group to develop and operate a 5 hectare health and innovation precinct in Gregory Hills. The acquisition will combine to form part of an initial seed asset portfolio of circa $1.0 billion for the ASX-Listed Health Co REIT scheduled for later this calendar year.
The subject site lot 7 formed part of the Gregory Hills Corporate Park, which our client, Satwant Calais of Gregory Hills Corporate Park Pty Ltd master planned as a healthcare, business and enterprise precinct. Specifically, our client secured a State Significant DA over the land for a 380 bed private hospital with over 1000 car parks.
Following a public marketing programme, Link secured 5 Expressions of Interest. With the benefit of a detailed examination of each EOI, Link invited a short list to re-submit offers based on selected criteria.
A standout proposal to acquire Lot 7 was identified and contracts exchanged and settled.