Competition for industrial land in Sydney’s South-West corridor continues to rise with a rare development-ready site in Moorebank selling for a suburb land record of $2,315psm, recently.
Parkside Commercial Real Estate South Western Sydney’s Ryan Jennings managed the sale of the site at 5 Kaleski Street which sold for $5,500,000 following a campaign that generated more than 120 enquiries and eight expressions of interest.
Mr Jennings managed the sale of the site on behalf of five separate owners who listed the site following a fire in 2024.
The property – 2,376sqm of levelled and serviced land – has offered the purchaser one of Moorebank’s few development-ready industrial parcels.
Mr Jennings said the site’s proximity to on and off-ramps for the M5 and generous 45m street frontage drove appeal during the four-week campaign.
Overall, he said there was broad interest for sites with upside potential throughout the city’s South-West.
“South West Sydney is starved of industrial zoned land, with the scarcity of opportunities pushing land values to new highs,” said Mr Jennings.
“Demand continues to outpace supply, creating intense competition for stock and subsequent price growth. The Kaleski Street sale reflects a record land price for a parcel of this size.”
He said Moorebank had positioned itself as one of Sydney’s leading business districts on the back of the success of Moorebank Intermodal and the suburb’s access to the M5 Motorway.
“Moorebank has exceptional infrastructure on its doorstep, attracting occupiers in transport and logistics through to metal fabrication, automotive, materials wholesalers and other trades-based businesses,” said Mr Jennings.
“Liverpool’s CBD is just over a two-minute drive away, adding to the amenity of the area.”
Five strata industrial units were previously housed on the site. The site is zoned for general industrial purposes.
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