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Address available on request Alexandria, NSW 2015

For Sale - Expression of Interest

Address available on request Alexandria, NSW 2015

Warehouse, Factory & Industrial
Sale Price

Contact Agent

Land area

1498.0m²

Floor area

1498.0m²

Mascot - DA Approved Development

  • Flexible B5 Business Development zoning
  • Desirable location
  • Within 3.5 kilometres of Green Square

Colliers International has been exclusively appointed to sell this exceptionally well located re-development site within Sydney’s every growing Airport Precinct within Mascot. Although the site can be re-developed into a number of different uses such as commercial development (under the existing planning controls), the site benefits from existing development consent (DA 14/045) for an eight (8) level hotel comprising 169 rooms (including 8 accessible rooms); a business centre and gym on Level 1, a dining room and sky/bar lounge on Level 8. In addition, the approval includes the provision for parking for a total of sixty nine (69) vehicles.

2-8 Sarah Street is positioned on a prominent corner site with three street frontages to Sarah Street, O’Riordan Street and Robey Street in Mascot. The buildings on site consist of two adjoining older style office, warehouse buildings, which provide basic, although functional accommodation and have an approximate gross lettable area of 1,372.5m². The property also benefits from an existing development consent for the re-development of the site for a 169 room hotel with associated amenities.

The property is located in a good location to capture airport driven demand together with corporate demand from the surrounding commercial precinct. There has been significant development in the surrounding area in recent times including high density residential, new hotel construction and commercial developments.

- Flexible B5 Business Development zoning

- Desirable location within a short walking distance to the Sydney Domestic Airport

- Potential to owner occupy, re-develop or long-term investment

- The property is located 850 metres south of Mascot Train Station (with Central Train station just two stops away), and a 10-15 minute walk to the Sydney Domestic Airport terminals

- Within 3.5 kilometres south of Green Square Town Centre (1 train stop away) from Mascot Train Station

- Under existing planning controls the floor space ratio for the site is 3:1 with a height limit of 44 metres, however there is 4,603m² of approved GFA (Approximately) which reflects an approved FSR of 3.05:1

- Vacant possession is available (subject to notice period) however the site also has the benefit of existing holding income with current tenancy on a month to month basis

- Corner site with three (3) street frontages to Sarah Street, O’Riordan Street and Robey Street

- Surrounded by arterial roads such as O’Riordan Street, the M5 Motorway

For sale via Expressions of Interest closing on Wednesday 7th March at 4pm.

For more information or to arrange an inspection contact the exclusive agent:

Michael Crombie

0412 903 063

Or

Christopher Milou

0413 615 398

Property ID: 502699918Last Updated: 6 May 2018

Agency contacts

Colliers International - Sydney South

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Colliers International - Sydney South

Level 5, 241 O'Riordan St
MASCOT, NSW 2020
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Michael Crombie
Colliers International - Sydney South
Address available on request Alexandria, NSW 2015

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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  • Michael Crombie

    Colliers International - Sydney South
    0412 *** ***