- A vacant block at 25-31 Brookhollow Avenue will hit the market this week
- Landcom is accepting proposals from prospective developers
- The site is approximately 9,404 sqm but has the potential for up to 52,000 sqm of gross floor area
A vacant site in northwest Sydney earmarked for mixed-use commercial development will hit the market this week. The vendor, Sydney Metro, is seeking development proposals from prospective buyers through an Invitation to Tender campaign.
25-31 Brookhollow Avenue is located within the Norwest Business Park adjacent to Sydney’s Norwest Station
The site is approximately 9,404 sqm but has the potential for up to 52,000 sqm of gross floor area across commercial, hotel and retail uses, subject to council approval.
Development on the site can is approved for three main buildings with heights up to 11, 23 and 25 storeys
Landcom, NSW State Government’s land and property development organisation is accepting proposals from developers on behalf of Sydney Metro.
Invitation to Tender campaign run by Knight Frank closes Friday, 17 June 2022. Mark Litwin, Wally Scales and Grant Bulpett of Knight Frank will manage the campaign.
Mr Scales who is the Head of Western Sydney at the company describes the site as a “once-in-a-generation opportunity”.
“Recently approved site-specific planning controls, including permissible floor space ratios and building height, allow for a new benchmark in high-rise commercial development within the Norwest Business Park to capitalise on rapid access to Macquarie Park, Chatswood and Sydney CBD and beyond by 2024,” Mr Scales explains.
“The site presents the opportunity for a landmark development that will become an essential part of the future of the Norwest Station Precinct, creating a benchmark for transit-oriented development and a great place to do business, work and visit.
“Given the location, size and nature of the potential development we expect this site will appeal to well qualified national and international developers seeking landmark projects.”
Wally Scales, Knight Frank
Sydney’s Northwest has also recently sent the approval of a $332 million residential mixed-use development. This development will see close to 1000 new homes near the new Metro line in Tallawong.
Mr Litwin who is a Senior Commercial Agent at Knight Frank highlighted that the development site is located strategically given its proximity to Norwest Station.
“The Norwest Business Park is a well-established commercial centre with a limited supply of available stock, presenting a rare opportunity to invest in Norwest.
“With improved commuter access from Norwest Station directly below, a well-qualified local workforce and attractive amenity, in a post COVID environment it is well placed to attract new business occupants relocating to upgraded premises that are closer to where their staff live,” Mr Litwin said.