A major development site with rare approval for over 49,425sqm of GFA has come to market in one of Western Sydney’s fastest growing markets.
Located in a gateway position to the Liverpool CBD and situated amongst the city’s tallest towers, ‘Macquarie Place’ at 431 Macquarie Street is primed to be transformed by a developer.
With B4 Mixed-Use zoning which will allow for both residential and commercial developments, the property is on a 5,421sqm block of land and has an existing income of circa $300,000 per annum.
The Colliers team of Thomas Mosca, Nick Estephen, Frank Oliveri and Harry Bui have the exclusive listing on behalf of Butterfly Developments Pty Limited, with a price guide of $35 million.
“In light of Sydney’s predicted undersupply of residential apartments, and with Australia’s migration levels set to increase to 235,000 in 2022-23, this makes now the time to be acquiring quality development sites like this one which can capitalise on the coming increase in demand. Being the closest CBD to the rapidly forming Western Sydney Airport, Macquarie Place is in a key position to take advantage of Liverpool’s future,” Mr Mosca said.
“Liverpool is perfectly positioned to capture the growth of South Western Sydney. Located between both Sydney Airport, and the new Western Sydney Airport, the city is a flourishing powerhouse of commercial and residential activity,” Mr Estephen said.
With a current population of over 405,000 people in South Western Sydney, the region has already experienced a major transformation that is expected to continue as more infrastructure is both announced and completed.
431 Macquarie Street in Liverpool is for sale via an Expressions of Interest campaign closing Thursday March 2nd, 2023 at 2pm (AEDT).
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