Former ABC site in Artarmon now for sale

26 October 2021

A 1.4ha industrial site on Sydney’s prestigious lower north shore is being offered to the market as the ABC looks to sell the long-held property.

The 14,000sq m corner property at 2-8 Lanceley Place and 14 Campbell Street in Artarmon is a self- contained television production facility that housed ABC productions for over 60 years.

It currently consists of a sound stage, production offices, dressing rooms, wardrobe and laundry facilities, with additional support services available including hair/makeup room, scenery runway, loading docks, and a multi-story car park.

The 14,006sq m site is home to multiple buildings with a total building area of 42,000sq m spanned across five lots, comprising industrial warehouses, office accommodation and car parking facilities.

The asset will be taken to the market via an Expressions of Interest campaign run by Knight Frank agents Scott Timbrell and Angus Klem.

Mr Timbrell said the site was expected to be hotly contested when it hits the market due to its location, development potential and the fact that it has multiple uses.

“This offering is a unique and rare opportunity for an incoming purchaser to acquire a very substantial site on Sydney’s prestigious lower north shore,” he said.

“It’s not often that a site of this size in such a prime location would come up for sale, so we anticipate significant buyer interest.

“The site is situated in a sought-after location close to the city, in an area undergoing significant transformation, triggered by large investments in transport infrastructure and the culmination of a long precinct planning approach to St Leonards and Crows Nest.

“There is strong demand for quality assets in Sydney at the moment, and we are seeing increasing interest from investors and developers, with growing confidence in the market.”

Recent purchasers in the Artarmon area include data centre operators Next DC and Keppel DC, as well as Ausgrid, while other owners in the precinct include Dexus, Telstra, and Mirvac.

Mr Klem said there were an array of redevelopment options for the Artarmon site which would allow an astute purchaser to maximise its potential.

“We expect to field enquiry from a wide range of buyers, with the site likely to appeal to data centre providers, industrial developers and retail owner-occupiers and investors,” he said.

“We believe one of the most appealing future uses for the site would be as a data centre facility, but it also has strong industrial upside.”

The subject site is zoned General Industrial (IN1) under the Willoughby Local Environmental Plan, with a maximum potential FSR of 1.5:1 (incl. bonus 0.5:1), with no maximum building height.

The Artarmon Industrial Precinct has been confirmed in strategic planning as playing an important role in continuing to support intensification of employment uses including high technology and ancillary health uses, given the locational context.