High exposure block of land a rare offering in expanding precinct4 October 2023
A vacant block of land situated at the epicentre of an incredibly tight market is set to provide an unprecedented opportunity for investors after coming to market.
Surrounded by a range of industrial and retail service providers, the site at 6 Townson Road in Marsden Park (Colebee) benefits from DA Approval for a bulky goods development across approximately 7,237sqm of flexible B5 zoned land.
The corner site provides high exposure to Richmond Road and is approved for bulky good premises with associated parking, with the premises to benefit from the unprecedented housing and infrastructure growth generated by the NSW Government’s Northwest Growth Centre policy.
The Colliers team of Frank Oliveri, Paul McGlynn and Jordan McConnell, have the listing, in conjunction with Matthew Herrett and Andrew Smith of Link Property Services.
“This landmark site, with its flexible B5 Business Development zoning, represents an opportunity to create a development concept that meets the real estate requirements of the rapidly evolving large format retail, industrial and services sectors of the economy,” Mr. McConnell said.
“Richmond Road is the major arterial thoroughfare for the area and has undergone significant upgrades including new intersections. This is all driven by the Northwest Growth corridors urban expansion and growth in commercial enterprise across the region,” Mr. McGlynn added.
“Surrounding development comprises for the most part commercial development including service stations, QSR, large format retail and large-scale industrial occupiers,” Mr. Herrett said.
Marsden Park is located approximately 45km northwest of the Sydney CBD within the Blacktown City Council. The precinct is home to major national and international brands like IKEA, Costco, Audi, JB HI FI and Bunnings. The high exposure of the site means that approximately 60,000 vehicles pass the property every day.
6 Townson Road, Marsden Park is for sale via Expressions of Interest closing Wednesday 25 October at 3pm (AEDT).