Currently 2 warehouses zoned mixed use however we were able to sell the property with a Development Application. Situated opposite Mascot Train Station and neighbouring the Super Centre, Bourke St Bakery and fast transport to Sydney Metro the location was key in the sale.
Situated on 1183sqm of Land and a Site Area of approximately 1,022 sqm the property was improved by 2 industrial units each approx. 365 sqm lettable space.
Long term Lessee had given notice to vacate and the current owner was investigating highest and best use of land under new recent zoning of Shop Top Housing & Retail.
We were able to secure a short term industrial Lessee until such time as a DA could be approved by the current owner.
The property was then sold via an off market transaction to a private developer with DA approval for a 5 level mixed development comprising of 26 residential units and 2 commercial/retail units.
Now proceeding to project marketing of development.
| Sales Analysis* | |
| Method of Sale: | Private Treaty |
| Marketing Time Frame: | N/A |
| Marketing Budget: | Off Market Sale |
| Sale Date: | 20/02/2014 |
| Sale Price: | $5,000,000 |
*approx
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