MINTUS PTY LTD, one of Australia’s most progressive property services providers across the residential, retail, and commercial sectors, has acquired Glade View Business Park in Gladesville
from Dexus for $55 million.
Glade View Business Park is located at 436-484 Victoria Road and is a freehold offering that sits within a gateway suburb to the Sydney CBD.
The property comprises 23 commercial suites across, two buildings, and 423 car spaces, providing more than 18,000sqm of office space and a significant land holding of circa two hectares.
The property was sold via an off-market campaign managed by Ray White Commercial Western Sydney managing director Peter Vines and Victor Sheu, together with CBRE NSW senior director Nicholas Heaton, Toby Silk and Aaron Arias.
Ray White Commercial Western Sydney managing director Peter Vines said the campaign received strong interest from a number of potential buyers.
CBRE NSW senior director Toby Silk said the level of interest received for this property demonstrates the current strong demand for investment property in a market with low supply.
“Purchasers are looking for assets where they can add value in good locations,” he said.
Ray White Commercial Western Sydney Managing Director Victor Sheu said: “Glade View Business Park represents a unique short, medium, and long-term value-add potential opportunity, making it both a flexible investment and future development opportunity.”
Mintus director Ben Stewart said: “The building has significant exposure to Victoria Road, providing access/egress for vehicles travelling in both directions, along with great amenity, views and enormous flexibility to cater for both large space uses and smaller corporate offices.”
Mintus will immediately commence refurbishment works to capture those tenants seeking better accommodation with significant parking and warehouse space close to the CBDs of Sydney and Parramatta.
Managing director – Ray White Commercial Western Sydney
0449 857 100
Director – Ray White Commercial Western Sydney
0412 301 582
Media advisor – Ray White Group
0447 000 472