Stonebridge Property Group is pleased to present for sale Auburn Redyard, a rare opportunity to acquire a premium development site with existing holding income positioned on one of Sydneys busiest arterial thoroughfares.
The offering comprises an open-air entertainment/retail centre anchored by Reading Cinema, a Telstra building and a 1.35 ha* vacant land parcel.
The site has outstanding upside potential, underwritten by the strong development and infrastructure activity in the locality and its commanding position on Parramatta Road, a key employment growth precinct. The secure holding income from existing improvements, allows an incoming purchaser time to masterplan the site, while maintaining strong income growth and tenant security.
Key investment highlights include:
+ 4.8 Ha^ landholding in the epicentre of metropolitan Sydney
+ 18 kms* west of Sydney CBD and 6 kms* south-east of Parramatta CBD
+ Over 450 metre* frontage to one of Sydneys busiest and highly connected growth corridors
+ Parramatta Road Corridor is undergoing intensification into a mixed-use employment hub
+ Located less than 400m* from the WestConnex M4 tunnel
+ Flexible B6 Enterprise Corridor zoning allowing for multiple future development outcomes, including retail (STCA)
+ Entertainment/retail centre & Telstra building with total GLA of 13,671sqm* plus vacant land
+ The site is significantly underdeveloped with a total site coverage of only 29%
+ Abundant parking for 727* vehicles (360* undercroft; 367* at-grade)
+ Strong and secure holding income with development flexibility
^ including 13,192 sqm* of undeveloped land
* Approx.
This offering will appeal to astute owner occupiers, developers, and value add investors alike to secure a prime development site and income-producing asset leased to quality tenants in one of Sydneys key growth locations.
Auburn Redyard is for sale by Public Expressions of Interest (EOI) closing 2pm AEDT on Wednesday 24th March 2021. To obtain further information or to arrange an inspection, please contact the exclusive selling agents Stonebridge Property Group.
Philip Gartland
+61 403 582 324
Lincoln Blackledge
+61 408 780 772
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