Glendenning commercial property sells for $9.3m, around $4.8m above reserve

The Glendenning site sold at auction.

A freestanding warehouse with a concrete yard on 4,725sqm has gone crazy at auction, selling for nearly $5m above reserve.

The property at 2 – 4 Rayben Street, Glendenning sold for $9.3 million through auctioneer Damien Cooley, which was around $4.8 million above reserve.

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A look inside the building.

The building itself occupies 842sqm and has two shutter doors while being situated on a corner.

The fully secure and fenced site has modern office accommodation and is currently leased on a month-to-month basis.

The concrete yard.

A prime position.

There is the potential to redevelop the site, with it located in a prime western Sydney location close to the M7 and M4 Motorways.

It was sold JLL agents Miguel Lee and Greg Pike.