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Case Study: 148B Newton Road, Wetherill Park

Address: 148B Newton Road Wetherill Park 

Sale/Lease Date Lease: March 2020

The Property: Freestanding warehouse – Zoned IN1 General Industrial

The Challenge: 148B Newton Road, Wetherill Park is a facility with low clearance warehouse with no sprinkler system. The property had been on the market for quite some time and the feedback we received was that the warehouse was too low. The challenge was to market the property to the right database and ensure a quick turnaround. 

The Process: We had been engaged by the lessor to undertake a market campaign for the property once we were made aware the tenant was looking to break his lease. We commenced the marketing campaign which included online advertising, e-comms, signboard and brochure drops. During this process we also canvassed a large amount of local and outer market occupiers in order to find the prospective tenant that suited the characteristics of the property. We had regular conference calls with our client to ensure he was up to date with the most recent enquires & feedback from inspections.

The Result: Our experts were able to successfully secure a tenant on a 5-year lease at a strong rate of $125/psqm. The occupier was from Smithfield and the lease was executed 5 months out from the current tenant’s lease expiry. The outcome achieved showed our ability to maximise the potential of the property to accelerate success. 
 

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Carl Pearce

Senior Executive

Industrial

Sydney West

I am a focussed and dedicated agent, with a strong technical understanding of real estate drivers. I bring creativity and analytical thinking to my clients to help find solutions to meet their property objectives.

I started my property career in 2015 with Commercial Property Group, initially focussed on asset management, where I managed a large portfolio over 220+ varying assets. I then moved over to a sales and leasing consultant role, focussed on the Sutherland Shire & St George area.

I commenced working with Colliers International in February 2019, working within the largest industrial team in Sydney West. Leveraging the Colliers national platform, I can offer my clients access to a national and global network of expertise and knowledge.

My core focus now is the sales and leasing of industrial property in the Sydney West market, one of the most dynamic and in-demand regions in the country. In a land constrained market, I work to help my clients realise true value for their assets.

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