Summary
Our client engaged us to assist in securing a commercial premises to support the ongoing growth of their established business. The brief was clear: find a well-located, functional space that aligned with their operational needs and offered long-term value.
We explored a range of properties across Sydney’s fringe, South Sydney, and the Inner West. Many were ruled out due to layout, condition, or location. After narrowing down suitable options, we identified a near-complete warehouse/office development in Marrickville that met the brief.
The property offered the benefits of new construction, practical design, and a strategic position in a tightly held commercial precinct. While the developer was initially firm on price, we undertook detailed due diligence on both the market and the developer’s track record, and after a prolonged negotiation period, we successfully secured the property on favourable terms.
Key Points
- Strategic Search – Focused on commercial assets in key locations across the fringe and Inner West to meet specific operational criteria.
- Due Diligence – Assessed build quality, developer history, and market value to ensure a sound investment.
- Value Negotiation – Negotiated the price down from the developer’s initial position.
- Smart Acquisition – Secured a near-complete, brand-new premises tailored to the client’s business needs.
- Long-Term Fit – The property provides a modern, functional base for the business, with reduced maintenance compared to older stock.