Private local investor acquires income-producing asset with future flexibility in Sydney’s evolving north shore market
Colliers, alongside Knight Frank has successfully negotiated the sale of 350 Eastern Valley Way, Chatswood on behalf of QIC to a private local investor for $30.50 million. The transaction reflects a net yield of 5.57% and a building capital value rate of $7,930 per square metre.
Colliers agents Harry Bui and Zhenni Lu, alongside Mark Litwin of Knight Frank managed the sales process.
The three-storey commercial asset is fully leased to Fitness First Platinum which has occupied the premises since 2006, providing secure income through to 2031. Underpinned by a substantial 6,491 sqm landholding and flexible planning controls, the property offers future repositioning or development potential which attracted a broad range of investor interest.
The campaign generated strong engagement from local and offshore buyers, reflecting continued demand for assets that combine stable income with long-term optionality. Located within the Chatswood industrial precinct, the area continues to benefit from its strategic position within Sydney’s lower north shore and its role as a key employment and growth corridor.
“In the current market, assets in locations such as Chatswood continue to attract strong interest from a diverse range of investors. We are seeing consistent demand from local private capital, syndicators and offshore family offices seeking stable income combined with future optionality. Opportunities that can deliver both immediate return and longer-term flexibility are particularly compelling in this cycle,” said Harry Bui, Head of Asia Markets, Australia, Colliers.
“Capital pools, be they private, managed funds, or owner occupiers, continue to compete for high quality fundamentals. Notwithstanding current global affairs impacting cost of funds, cash flow in tightly held pockets will drive substantial interest. This was an exciting asset for us to promote in the market place,” added Mark Litwin, Partner, Head of Investment Sales NSW, Knight Frank Australia.
Surrounded by major national and international occupiers including Bunnings Warehouse, Woolworths, Tesla, Kennards Self Storage and Supercheap Auto, the asset is positioned within a well-established commercial and industrial hub with strong underlying fundamentals.
The result highlights continued confidence in Sydney’s lower north shore market where constrained supply, evolving planning frameworks and resilient tenant demand continue to underpin investment activity.
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