This article is from the Australian Property Journal archive
A SOUTH west Sydney industrial site entering the market is expected to go for over $25 million.
The 20,983sqm site, located at 119-131 Newbridge Road, which has been occupied by a family-owned business for the last 45 years, has attractive redevelopment potential with its IN3 heavy industrial zoning.
The sales campaign is being managed by Keegan Ridings, Andrew Sukkar from CBRE and Osban Omar from Industrial Zone Real Estate, on behalf of Airfoil.
Airfoil, the previous occupiers, are relocating to a larger location and will likely reap the benefits of the ever rising demand for industrial properties.
“An industrial development opportunity of this scale is a rarity in Sydney’s inner south-west, a highly sought-after area,” said Ridings.
“This is a large, well-connected site with considerable potential and we’re expecting significant investor and developer interest to reflect that,” added Ridings.
The property sits directly across from Mirvac’s Georges Cove and Moorebank Marina developments on the Georges River, within the Liverpool City Council area.
“This stretch of Newbridge Road is traversed by 45,000 cars each day, and will be transformed by the Georges Cove and Moorebank Marina projects in the years ahead,” he said.
The sites existing warehouse structure takes up around 10,000sqm of the site, with the warehouse being offered for sale with a short-term leaseback.
The site also features 120 metres of frontage on Newbridge Road, as well as frontage on Pat Devlin Close and access to the M5 Motorway and the Hume Highway.
With major urban renewal projects currently under way in the Liverpool City Council area, the city will also be the eventual site of a second international airport in Sydney. Which is due to open in 2026, at Badgerys Creek.
“Developments such as the new Western Sydney International Airport underline Liverpool’s growth and standing as Sydney’s third CBD,” concluded Omar.
