Prime Redevelopment opportunity in tightly held Southwest Sydney

28 June 2022

A prime 1,500sqm industrial land holding situated within one of Sydney’s biggest growth corridors is being sold for immediate redevelopement.

Colliers’ Trent Gallagher and Angus Urquhart along with Robert McLaurin and Pedro Tabrizi of My Space Industrial Agents have been appointed to sell Lot 2, 128 Milperra Road, Revesby. Agents expect the property to attract circa $4 million.

The site provides an exciting opportunity for developers, owner occupiers and investors to acquire a bite sized parcel of land in one of Sydney’s most land constrained markets. It provides a blank canvas to build an A-Grade industrial facility, whilst benefiting from unprecedented rental growth and access to major arterial roads.

“The Southwest industrial market has continued to see land rates growth at an extraordinary rate. In 2020 land rates were circa $1,200/psm, fast forwarding to mid-2022 we are achieving land rates in excess of $2,000/psm on a daily basis” Mr Urquhart said.

“The demand has been driven from extremely limited land supply and buyers from South Sydney migrating to the Southwest for in search for cheaper alternatives” Added Mr Gallagher.

“In the past 6 months more than $500,000,000 worth of industrial sites have been sold to institutional capital to be redeveloped into multi-level industrial facilities” Mr McLaurin said.

This prime opportunity at Lot 2, 128 Milperra Road, Revesby is offered for sale via Private Treaty with a forthcoming Expressions of Interest (EOI) campaign.