An incredible new commercial freehold and development site in Chatswood’s growing CBD precinct, has recently been listed for sale by the team at Colliers International.
845 Pacific Highway is Chatswood’s preeminent development site in arguably the most recognised gateway position on Sydney’s North Shore. With a potential future gross floor area development capacity of 35,000+ sqm (STCA), this is absolutely an opportunity to develop a landmark project.
Offered for sale via Expressions of Interest, interested parties are encouraged to enquire today and submit proposals prior to the closing date of 4pm Thursday 10 October 2019.
“This freehold commercial building offers the new owners an enviable island site in a growing business district, with huge development potential.” Colliers International’s Henry Burke said.
“The total property land size is 2,047sqm, with the current building comprising of 4,109sqm NLA. The new owners have the opportunity to redeem holding income while plans are drawn for this highly prized site.”
The site currently holds a development scheme for a new 37-storey tower. Once converted, the 150-metre tall tower will yield 35,000+ sqm of GFA.
While already one of the busiest CBDs in Sydney, the NSW planning department recently partially endorsed the Chatswood CBD Planning and Urban Design Strategy, which articulates plans to turn Chatswood into an even bigger business district.
“Chatswood has not seen a new commercial building in over 25 years,” selling agent Steam Leung said.
“We expect that both the recent endorsement of the planning and design strategy, and the falling office vacancy, will result in more commercial projects coming through the development pipeline. 845 Pacific Highway is an opportunity to capitalise on this forecast growth.”
*Please note that all financials, measurements and distances quoted are approximate only.
845 Pacific Highway in Chatswood, is offered for sale via Expressions of Interest. Interested parties are encouraged to enquire today and submit proposals before the closing date of 4pm Thursday 10 October 2019.
For more information on this opportunity, please contact the Colliers International team and mention Development Ready.
Henry Burke: +61 418 238 636
Steam Leung: +61 412 236 138
Joseph Lin: +61 452 070 980