CDC APPROVED LIGHT INDUSTRIAL DEVELOPMENT OPPORTUNITY
Set on a dual frontage 771sqm site at the centre of the Inner West’s urban regeneration area, this combination of a traditional cottage plus 1960s factory/warehouse is ripe for redevelopment. Offered with a Complying Development Certificate for a four-storey light industrial building, this property is an opportunity to catch the wave of new style industrial property demand in this fast-evolving Inner City suburb.
+ Approx 771sqm site zoned Light Industrial with 12m frontage to John Street and rear frontage to Whites Creek Lane with vehicular access to Alfred Street and Hill Street
+ Traditional double fronted 3-bedroom timber cottage at front of site
+ Expansive 1960s factory/warehouse consisting of approx 103sqm open showroom, production or warehousing area with high ceilings with skylights, roller shutter entry and bathroom, plus approx 48sqm rear addition with lobby, storeroom/offices and washroom
+ Gated side driveway access from John Street to warehouse and concreted rear parking/storage area encompassing approx half the site with rear lane vehicle access
+ Complying Development Certificate for demolition of the existing structures and construction of a new four storey 766sqm industrial building, providing five light industrial/office units including caretaker’s residence, roof terrace and 10 car parking spaces
+ The proposed units range in size from 117sqm to 241sqm, with the split level Unit 1, fronting onto John Street, having its own entrance and lift and the other four units sharing a lift lobby, stair access and amenities
+ The Certificate establishes the first use of Unit 1 as a warehouse and distribution centre, and the first use of units 2-5 as light industry, making it attractive for arts, technology, production, design or office premises use in this established creative and technology hub
+ Zoned IN2 – Light Industrial, the site’s position adjoining R1 General Residential zoned land offers alternative potential for rezoning and residential development (STCA)
+ Located on the boundary of Leichhardt and Annandale, John Street is at the heart of Sydney’s popular Inner West cafe culture, close to Annandale village and Leichhardt’s retail, food and entertainment centre, convenient to universities and less than 6km from the CBD
+ Ideally positioned for access and distribution purposes, between the Great Western Highway and City West Link, with easy access to the M4 and M1 motorways, and convenient to bus, light rail and rail transport infrastructure
+ Offering strong capital growth potential and excellent rental yields, it’s an opportunity to invest in your own business plus rental income, or develop to lease or sell.
*Associated Plans and Reports are available on request.
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