A south-west Sydney site totalling 41,490sqm is set to attract interest from investors and developers who have been starved of large-scale industrial sites throughout the corridor when it comes to market, this week.
The Chipping Norton property, which has been held by the same owners since mid 1980’s, holds flexible lease structures across five tenancies, enabling a new buyer to review rental agreements or unlock the site’s significant development upside.
LJ Hooker Commercial Bankstown Director Ryan Jennings, who is managing the EOI campaign for the site which closes September 1, said industrial land values had continued on an upward trajectory this year.
“There's been significant investment throughout Sydney’s south-west of late with Aliro Group and Stockland amongst the institutional landlords that have homed-in on the infrastructure-rich corridor,” said Mr Jennings.
“Industrial values are continuing to surge, especially for larger holdings with development upside. With rents rising, as well, listings have been exceptionally tight: this listing at Governor Macquarie Drive has been in the same family’s hands for close to three decades.
“The family appreciates the scarcity of large freehold sites available in the corridor and have decided to place the property on the market at this time.”
The property benefits from a 100-metre frontage to Governor Macquarie Drive and convenient connections to the A22 and M5 arterials. It holds dual light and heavy industrial zonings for a wide-range of uses.
Mr Jennings said investment interest was also being driven by proximity to the future Badgerys Creek Airport and the Moorebank Intermodal.
For further information contact Ryan Jennings, Director at LJ Hooker Commercial Bankstown on 0432 030 014.
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