Colliers transacts strategic Botany Road asset, unlocking major mixed-use redevelopment potential near new metro infrastructure.
Colliers has successfully transacted 171B Botany Road, Waterloo for $22,500,000, marking a significant transaction in Sydney’s inner-south industrial market. The property was acquired by Dascol Corporation following a competitive Expressions of Interest campaign managed by Colliers agents Michael Crombie, Trent Gallagher and Joseph Lin.
The 2,349sqm site, located within the recently rezoned Botany Road Precinct, offers substantial redevelopment potential under the MU1 – Mixed Use zoning. With dual street frontages and less than 400 metres from the new Waterloo Metro, the property attracted strong interest from developers and owner-occupiers alike.
Michael Crombie, Colliers Director In Charge | Sydney South, said, “This was one of the most hotly contested campaigns we’ve run in the area. The site’s ability to deliver up to 11,628sqm of gross floor area (STCA), combined with its existing income and proximity to major infrastructure, made it a standout opportunity.”
“Dascol Corporation recognised the long-term value of the asset and its potential to contribute meaningfully to the ongoing transformation of Waterloo.”
The property currently features a 2,221sqm industrial facility with office accommodation with a short-term rental income, offering immediate holding value while future plans are considered.
Trent Gallagher, Colliers National Director | Industrial & Logistics, commented, “Waterloo is undergoing a major revitalisation, driven by infrastructure investment and planning reform. The Botany Road Precinct is emerging as a key employment and lifestyle hub, with excellent connectivity to the CBD, Green Square, and the Innovation Corridor.”
“This sale reflects the growing confidence in the area’s future, and we expect to see continued demand for sites that offer scale, flexibility, and proximity to transport.”
The transaction achieved a land rate of $9,787/sqm, a GFA rate of $2,128/sqm, and a building rate of $10,131/sqm, underscoring the strength of the inner-city industrial and mixed-use market.
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