This article is from the Australian Property Journal archive
DEVELOPER Time and Place is expecting more than $30 million for an acre of industrial land in Sydney’s highly sought-after Mascot with DA approval for an office tower.
The property at 253 Coward Street in the inner south is on a 4,047 sqm corner block with exposure across three street frontages.
Approved plans are for a commercial office building with gross floor area of 16,287 sqm. The site has E3 Productivity Support zoning and offers a large cross-section of potential future uses, including industrial and commercial strata, self-storage, data centre, commercial office, hotel or a hospital.
It borders Mascot’s transforming mixed-use precinct and is within walking distance to Mascot train station and is moments from Sydney Airport.
Colliers’ Michael Crombie and Trent Gallagher have the listing.
“A well-located corner site with three street frontages, 400 metres to rail, with a DA approval sounds too good to be true. This is one of the reasons why Mascot is regarded as such a great location to acquire due to the salient fundamentals for both owner and tenant, as well as the unrivalled flexibility on the highest and best use of the land,” Crombie said.
