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Case Study : 6 Carter Street Lidcombe and 29 Carter Street Lidcombe

Address: 6 Carter Street Lidcombe & 29 Carter Street Lidcombe

Sale/Lease Date: March and April 2020

The Property: 6 Carter Street is a freestanding warehouse with concrete forecourt. 29 Carter Street presents a large warehouse with access on both sides.

The Challenge: We were appointed to lease two separate buildings in the midst of the COVID-19 environment, requiring meticulous planning to ensure we achieved the right result for our client. The premises, located approximately 200m apart, required different approaches to ensure effective leasing strategies, with the added challenge of one premises being a sub-lease requiring overseas approval from the owner, and the other requiring urgent turnaround with imports awaiting on delivery. 

The Process: We undertook a strategic marketing approach for each property. 6 Carter Street consisted of an on-market campaign, including Industrial Solutions, Real Commercial and CommercialRealEstate, along with signage at the property. 29 Carter Street was an off-market campaign, consisting of extensive canvassing of our database. We needed to move quickly to help secure the premises for the occupier, who had incoming product under significant demand.

The Result: Our experts were able to lease both premises in quick succession, ensuring minimal letting up period, and maximised the rental return at a time when vacancies were increasing elsewhere. 
 

Related Experts

Tony Durante

National Director

Industrial

Sydney West

I have over 21 years experience in dealing with all aspects of industrial real estate and I am passionate about getting the best possible outcome for my client. I can assist you with selling vacant possession property, investment property and development sites. I also have an indepth knowledge of the industrial leasing market and represent private, corporate and institutional property owners.

My most recent transaction was at the former Mitsubishi distribution centre, 19 Berry Street, Granville of some 18,000sqm leased on a new 4 year term.

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