Sydney company buys Wyong industrial for expansion

reception area with commercial kitchen area forms part of one building

Overall area of the property is 4,100sqm

The property which was on the market for less than three months sold for $3.5 million (GST not applicable).

Brett Dowling and Ty Blanch from LJ Hooker Commercial Central Coast who negotiated the sale said that Flemings Dynamics’ directors are very excited about the prospect of expanding and see the Central Coast as the perfect area with a strong employee pool and potential for long term growth.

“The industrial market remains strong as supply is tight.

DA’s for new development are taking upwards of 12 months for an approval, creating a massive bottleneck.

FLEMING DYNAMICS, A Northern Beaches based supplier of specialised machinery and equipment to the manufacturing industry, has purchased a property at 11-13 Amsterdam Circuit, Wyong for storage and warehousing.

The property which was formerly used as a heliport for a private operator was built to allow it to be repurposed as an industrial warehouse/factory and comprises 2 buildings one of 1,000sqm and second of !,500sqm with extensive hardstand, all security fenced.

A state-of-the-art 720sqm office and

We still have great demand for industrial property of all sizes from both the local and the Sydney market, making now an ideal time to sell with great results being achieved.

We anticipate that once the supply frees up and the pressures of inflation and increased interest rates take effect, that we could see a softening of the market,” he said.