A Western Sydney tarp repairer business, Nans Tarps has reaped $2.9 million from the sale of its Lidcombe site after 42 years of ownership.The husband-and-wife team behind Nans Tarps purchased the commercial landholding in 1981 for $41,000.Located at 25 Vaughan Street, the 506sqm land parcel has three street frontages and includes an existing 310sqm freestanding building that is currently used as a warehouse and office facility. The family is relocating and will continue to run at a new location.CBRE’s Robert Dowdy steered the auction campaign which received 150 enquiries from owner-occupiers, investors and developers.“Over 85 bids were received throughout the auction, with bidding starting at $1.8 million. It was a special day for the family having owned the premises for such a long period of time,” Mr Dowdy said.“Despite interest rates rising in the past 12 months, this has not stopped owner-occupiers from being very active and acquiring freestanding assets as they require a premises to make money.”Previous ArticleNext Article
The husband-and-wife team behind Nans Tarps purchased the commercial landholding in 1981 for $41,000.Located at 25 Vaughan Street, the 506sqm land parcel has three street frontages and includes an existing 310sqm freestanding building that is currently used as a warehouse and office facility. The family is relocating and will continue to run at a new location.CBRE’s Robert Dowdy steered the auction campaign which received 150 enquiries from owner-occupiers, investors and developers.“Over 85 bids were received throughout the auction, with bidding starting at $1.8 million. It was a special day for the family having owned the premises for such a long period of time,” Mr Dowdy said.“Despite interest rates rising in the past 12 months, this has not stopped owner-occupiers from being very active and acquiring freestanding assets as they require a premises to make money.”Previous ArticleNext Article
Located at 25 Vaughan Street, the 506sqm land parcel has three street frontages and includes an existing 310sqm freestanding building that is currently used as a warehouse and office facility. The family is relocating and will continue to run at a new location.CBRE’s Robert Dowdy steered the auction campaign which received 150 enquiries from owner-occupiers, investors and developers.“Over 85 bids were received throughout the auction, with bidding starting at $1.8 million. It was a special day for the family having owned the premises for such a long period of time,” Mr Dowdy said.“Despite interest rates rising in the past 12 months, this has not stopped owner-occupiers from being very active and acquiring freestanding assets as they require a premises to make money.”Previous ArticleNext Article
CBRE’s Robert Dowdy steered the auction campaign which received 150 enquiries from owner-occupiers, investors and developers.“Over 85 bids were received throughout the auction, with bidding starting at $1.8 million. It was a special day for the family having owned the premises for such a long period of time,” Mr Dowdy said.“Despite interest rates rising in the past 12 months, this has not stopped owner-occupiers from being very active and acquiring freestanding assets as they require a premises to make money.”Previous ArticleNext Article
“Over 85 bids were received throughout the auction, with bidding starting at $1.8 million. It was a special day for the family having owned the premises for such a long period of time,” Mr Dowdy said.“Despite interest rates rising in the past 12 months, this has not stopped owner-occupiers from being very active and acquiring freestanding assets as they require a premises to make money.”Previous ArticleNext Article
“Despite interest rates rising in the past 12 months, this has not stopped owner-occupiers from being very active and acquiring freestanding assets as they require a premises to make money.”Previous ArticleNext Article
