This article is from the Australian Property Journal archive
A FORMER car yard with approval for an apartment complex on Parramatta Rd Homebush in Sydney's west, has sold off market for $12.6 million.
The 2,216 sqm property at 172-176 Parramatta Rd Homebush was sold to a local developer by Ray White Commercial South Sydney’s Peter Kotzias on behalf of a private local company.
Kotzias said the former car yard site has development approval for 84 apartments.
“The vendor had amalgamated the three car yard sites and obtained a DA for the apartments to put the property up for sale.
“We had strong interest in this site from our buyer as this area is undergoing significant rejuvenation with car yards and warehouses in this precinct proving popular for redevelopment,” he said.
Australian Property Journal
