- Price expectations for the property are set above $13 million
- The site is positioned within the Westmead Health and Education Precinct
- Property group Anchor Estate are the current oweners
A vacant block in Western Sydney has hit the market with price expectations set upwards of $13 million.
The 6,490sqm property at 150-152 Briens Road is being marketed as an infill site offering a rare opportunity for development in the Northmead area.
Being located just a short walk from Westmead Health and Education Precinct, the
property stands to benefit from planned investment in the area.
The state of New South Wales through the Department of Planning, Industry and Environment has plans to turn the area into Australia’s premier health and innovation district.
The property has an industrial zoning but has approval for a carpark.
The current owners, property group Anchor Estate, have appointed agents from Knight Frank, Moxham Commercial and Bawdens to market the site.
A rare find
Knight Frank’s James Reeves said the property offering was unique in that it will be the only zoned industrial vacant land available for sale in recent years within a 10-kilometre radius, let alone within the suburb of Northmead, demonstrating its rarity.
“This site is the last remaining parcel of undeveloped land within the light industrial precinct in Northmead.”
James Reeves, Knight Frank
“It has the benefit of not only the current industrial zoning but future development potential, so we expect strong demand for this property from investors, developers and owner-occupiers, with buyer competition expected to be fierce,” said Mr Reeves.
The Briens Road site is bordered by the NSW Ambulance superstation and a large modern medical laboratory to the north. The Coca-Cola Amatil facility is located to the east and Toongabbie Creek to the west and south.
Bawdens’ Marcel Elias highlighted the strategic location of the site. He believes the area is destined to be – if not already is – the heartbeat of Western Sydney Medical and Health Services.
“We are very excited to see what the future holds for this parcel of land,” he said.
The sale is being conducted through an expression of Interest campaign which closes at 3 pm, June 30.