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Case Study Investment Services: 183 -185 Hume Highway, Cabramatta

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Main road exposure sets new precinct record

Challenge

As a private vendor who has been hounded for years by local real estate agents about selling, Stravros only ever explored an off-market sale for a buyer at ‘the right price’. The target price of $4 million ($1,554/sqm) was very opportunistic in relation to nearby transactions and was a partial reason why 182-185 Hume Highway, Cabramatta had not sold.

Strategy

After presenting a compelling case to market the property for sale via Public Auction, the strategy was to capitalise on an influx of main road commercial developers and put them in a competitive environment.
The Colliers team already had a rolodex of parties after the recent success of other main road sites in 2021.The tightly held commercial strip of Hume Highway Lansvale/ Cabramatta set strong precedence to attract local and domestic developers who would be able to add significant value to this prime corner location.

Results

  • $252,000 over reserve, representing a suburb land rate record of $1,676/sqm
  • A very competitive auction with seven bidders and 33 bids
  • 95 Enquiries
  • 20 Contracts Issued
  • 9 Inspections
Testimonial

“Nick, Thomas and Harry showed top-tier professionalism and drive to maximise the sale of 185 Hume Highway, leveraging their professional relationships to exceed expectation in a highly competitive auction. It was a pleasure working with Colliers’ Investment Services South West Sydney team.”

Stavros Skarmoutsos


Related Experts

Nick Estephen

Associate Director | Investment Services

Sydney South West

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Thomas Mosca

Associate Director, Sydney Metro Sales & Leasing | Investment Services

Sydney South West

Thomas Mosca is one of South West Sydney's most notable commercial property agents; having been involved with some of the area’s major real estate transactions. Thomas's understanding and commitment to the emerging Western Sydney market is continually growing and expanding. His drive and passion will ensure he remains at the forefront of this growing market. With unmatched commercial insight and deep industry connections, Thomas is the key person to discuss Liverpool’s commercial property and Western Sydney Airport landholding opportunities. 

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Harry Bui

National Director, Sydney Metro Sales | Investment Services

Sydney

I am one of the most respected real estate professionals with significant experience in both domestic and international commercial real estate transactions with expertise in Governments, Corporations, Private Clients, Public REIT and Institutional real estate sales & marketing.

I have a wide well-established referral network for connecting and accessing to both onshore and offshore capital, particularly from the Asian countries including China, Singapore and other South East Asia countries for commercial properties in Sydney, Australia.

I am a driving force for the national premium investment auctions at Colliers International as my national team is dedicated to achieving premium prices for vendors and the 'biggest bang for their buck' through our special premium auction strategies.

I am also responsible for outstanding team contribution, excellence in leading successful teams, strong presentation & communications and effective interaction with other business line leaders within the Colliers International Global network.

I am capable of working successfully under pressure with multi tasks in a fast paced environment and highly self-motivated with a hands-on attention to details that only personal experience can bring.

Specialities:

- Commercial real estate investment brokerage;
- Development site sales;
- Deal-sourcing;
- Acquisition and development;
- Investment underwriting;
- Market analysis;
- Structured transactions;
- Complicated partnership dispute disposal (section 66G);
- Government, corporation and Insolvency solutions;
- Due diligence and
- Leasing. 

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