Land constrained market boosted by unique industrial listing

21 June 2024

A premium opportunity in Sydney’s Central West consisting of a 17,587sqm industrial landholding in a tightly held growth corridor has come to market.

With a highly functional 4,983sqm industrial facility and zoned IN2 Light Industrial, the property at 223 Rookwood Road in Chullora offers diverse appeal to a large cross section of buyers including owner occupiers, industrial developers, strata developers, self-storage operators, data centre developers and core plus/value-add investors.

The property is listed exclusively with the Colliers team of Trent Gallagher, Gavin Bishop and Sean Thomson on behalf of Bridgestone Mining Solutions Australia.

“This unique prime land rich industrial opportunity will be offered to the market for sale with a very short-term leaseback allowing for multiple buyer types including owner occupiers, developers and investors. Its infill location is one of its main salient features as Chullora is one of the most highly sought after industrial precincts within Sydney.” Mr. Gallagher said.

“Given the stabilisation of interest rates and the perception that rates will decrease by the end of the year, the outlook is very positive which will drive increased demand for this land rich infill Sydney asset. Given the asset’s diverse appeal we expect very strong bidding from the market,” Mr. Bishop added.

The site’s potential is key to the appeal, with the possibility to expand the GFA to 17,587sqm (STCA) to take advantage of the full site. On top of this, large power supply that provides increased production capacity will continue to support strong underlying occupier demand.

The Central West region of Sydney is highly land constrained and affordable in comparison to neighbouring regions, making it one of the most sought-after property markets in the country.

223 Rookwood Road, Chullora is for sale via an Expressions of Interest campaign, closing on the 17th July, 2024.