Knight Frank Western Sydney has achieved an outstanding result at auction for a mixed-use commercial property at 233–239 Northumberland Street, Liverpool, which sold for $4,635,000 on a sub-5% yield.
The fully-leased freehold asset, comprising two established tenancies with 481sq m of net lettable area on a 710sq m site within the Liverpool CBD in Sydney’s southwest, attracted strong buyer interest despite the complexities of the tenancy profile, which included a licensed adult services operator.
The auction, held at Knight Frank’s Parramatta office, drew multiple registered bidders, and concluded with a strong price under the hammer, exceeding the vendor’s expectations.
The asset was sold following an auction campaign run by Knight Frank’s Patrick Harlalka and Jeff Moxham.
Patrick Harlalka, Sales & Leasing Executive at Knight Frank Western Sydney, said the strong auction result demonstrated the depth of investor demand for well-located Western Sydney retail investments with secure income streams and development upside.
“This was not a straightforward sale; it required a measured and highly targeted campaign,” he said.
“Our team engaged closely with qualified investors, fielding numerous calls and ensuring every potential buyer was educated, informed and comfortable with the asset’s unique characteristics.
Constant communication and transparency were key in building trust and maximising competition on auction day.”
The campaign generated strong interest from both private investors and local developers, drawn by the property’s MU1 Mixed Use zoning, 3:1 FSR, and 28m height limit, which provide long-term redevelopment potential within one of Western Sydney’s most strategically located CBDs.
Liverpool is a designated Strategic Centre in the NSW Government’s Metropolitan Plan for Sydney 2036, positioned as the gateway to the Western Sydney Aerotropolis and new International Airport.
Major infrastructure projects including the Sydney Metro, Western Sydney Airport, and M12 Motorway are driving strong economic growth and population expansion across the region.
The property is within walking distance of Liverpool Station, major bus interchanges and Westfield Liverpool, ensuring steady pedestrian and vehicle traffic.
It was sold with a 4.4 year WALE and a net rental income of $230,179 per year, and is securely leased until 2029 with options to renew.
Jeff Moxham, Partner and Head of Metropolitan Sales at Knight Frank, said the result highlights the continued confidence in Sydney’s southwest investment market.
“Liverpool continues to transform as one of Western Sydney’s key urban centres,” he said.
“The depth of the buyer pool and competitive bidding on the day reflected real confidence in the location and the long-term growth of the Liverpool CBD.
“The property occupies a high-profile location in the heart of the Liverpool CBD, with strong exposure and excellent connectivity.”
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