Manufacturing and steel fabrication specialist Chess Engineering has sold its long-time base in Sydney’s south-west to a local developer for $18.93 million.Chess Engineering has occupied the 8,039sqm site at 101-103 Fairford Road in Padstow for more than 40 years, but is moving to a larger premises to accommodate its business growth.The sale reflects a land rate of $2,355/sqm and includes a leaseback to Chess Engineering until December 2023.The high-profile site, on the corner of Bryant Street, features 6,884sqm of improvements across three high-clearance warehouses and split-level office space.It is directly opposite a new Bunnings and near the M5 on- and off-ramps in Padstow, 22km from the Sydney CBD.CBRE’s Keegan Ridings and Jon Orsborn from LJ Hooker Commercial Bankstown managed the sale campaign on behalf of Chess Engineering.“A well-known local developer secured the site after a competitive campaign,” Mr Ridings said.“The property attracted more than 140 enquires and 11 offers, from a range of users including investors, developers, self-storage groups and pub operators.”Mr Orsborn added: “Groups were drawn to the property’s proximity to the M5 and South Sydney, as well as the significant exposure it offers.”Previous ArticleNext Article
Chess Engineering has occupied the 8,039sqm site at 101-103 Fairford Road in Padstow for more than 40 years, but is moving to a larger premises to accommodate its business growth.The sale reflects a land rate of $2,355/sqm and includes a leaseback to Chess Engineering until December 2023.The high-profile site, on the corner of Bryant Street, features 6,884sqm of improvements across three high-clearance warehouses and split-level office space.It is directly opposite a new Bunnings and near the M5 on- and off-ramps in Padstow, 22km from the Sydney CBD.CBRE’s Keegan Ridings and Jon Orsborn from LJ Hooker Commercial Bankstown managed the sale campaign on behalf of Chess Engineering.“A well-known local developer secured the site after a competitive campaign,” Mr Ridings said.“The property attracted more than 140 enquires and 11 offers, from a range of users including investors, developers, self-storage groups and pub operators.”Mr Orsborn added: “Groups were drawn to the property’s proximity to the M5 and South Sydney, as well as the significant exposure it offers.”Previous ArticleNext Article
The sale reflects a land rate of $2,355/sqm and includes a leaseback to Chess Engineering until December 2023.The high-profile site, on the corner of Bryant Street, features 6,884sqm of improvements across three high-clearance warehouses and split-level office space.It is directly opposite a new Bunnings and near the M5 on- and off-ramps in Padstow, 22km from the Sydney CBD.CBRE’s Keegan Ridings and Jon Orsborn from LJ Hooker Commercial Bankstown managed the sale campaign on behalf of Chess Engineering.“A well-known local developer secured the site after a competitive campaign,” Mr Ridings said.“The property attracted more than 140 enquires and 11 offers, from a range of users including investors, developers, self-storage groups and pub operators.”Mr Orsborn added: “Groups were drawn to the property’s proximity to the M5 and South Sydney, as well as the significant exposure it offers.”Previous ArticleNext Article
The high-profile site, on the corner of Bryant Street, features 6,884sqm of improvements across three high-clearance warehouses and split-level office space.It is directly opposite a new Bunnings and near the M5 on- and off-ramps in Padstow, 22km from the Sydney CBD.CBRE’s Keegan Ridings and Jon Orsborn from LJ Hooker Commercial Bankstown managed the sale campaign on behalf of Chess Engineering.“A well-known local developer secured the site after a competitive campaign,” Mr Ridings said.“The property attracted more than 140 enquires and 11 offers, from a range of users including investors, developers, self-storage groups and pub operators.”Mr Orsborn added: “Groups were drawn to the property’s proximity to the M5 and South Sydney, as well as the significant exposure it offers.”Previous ArticleNext Article
It is directly opposite a new Bunnings and near the M5 on- and off-ramps in Padstow, 22km from the Sydney CBD.CBRE’s Keegan Ridings and Jon Orsborn from LJ Hooker Commercial Bankstown managed the sale campaign on behalf of Chess Engineering.“A well-known local developer secured the site after a competitive campaign,” Mr Ridings said.“The property attracted more than 140 enquires and 11 offers, from a range of users including investors, developers, self-storage groups and pub operators.”Mr Orsborn added: “Groups were drawn to the property’s proximity to the M5 and South Sydney, as well as the significant exposure it offers.”Previous ArticleNext Article
CBRE’s Keegan Ridings and Jon Orsborn from LJ Hooker Commercial Bankstown managed the sale campaign on behalf of Chess Engineering.“A well-known local developer secured the site after a competitive campaign,” Mr Ridings said.“The property attracted more than 140 enquires and 11 offers, from a range of users including investors, developers, self-storage groups and pub operators.”Mr Orsborn added: “Groups were drawn to the property’s proximity to the M5 and South Sydney, as well as the significant exposure it offers.”Previous ArticleNext Article
“A well-known local developer secured the site after a competitive campaign,” Mr Ridings said.“The property attracted more than 140 enquires and 11 offers, from a range of users including investors, developers, self-storage groups and pub operators.”Mr Orsborn added: “Groups were drawn to the property’s proximity to the M5 and South Sydney, as well as the significant exposure it offers.”Previous ArticleNext Article
“The property attracted more than 140 enquires and 11 offers, from a range of users including investors, developers, self-storage groups and pub operators.”Mr Orsborn added: “Groups were drawn to the property’s proximity to the M5 and South Sydney, as well as the significant exposure it offers.”Previous ArticleNext Article
Mr Orsborn added: “Groups were drawn to the property’s proximity to the M5 and South Sydney, as well as the significant exposure it offers.”Previous ArticleNext Article
