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Site with DA approval selling

DA approval

Colliers’ National Director Fab Dalfonso is working with Parkside Commercial’s Rino Gazzera to sell an Ingleburn site with DA approval which it says is sought-after and ideal for prospective developers.

The investment management company says the 4 Benson Road property has 17 modern, high clearance units providing sizes between 405 sqm and 623 sqm.

“Rarely does a site of this size come to the market and it presents as an ideal owner-occupier or developer opportunity,” Fab says.

“The 19m building height limit allows the developer to construct over two levels, achieving a strong return on their investment,” he adds.

Colliers says the 15,080 sqm property will draw considerable interest from developers due to the site having potential.

It adds that the site is currently being used as an automotive dismantling facility, which can be extended.

It also notes the property has an approximately 1100 sqm undercover area and almost 9000 sqm of concrete forecourt and access areas.

“We’ve seen a highly competitive industrial land market so far in 2022, largely due to a major shortage in supply and strong owner-occupier and developer demand,” Rino says.

The Ingleburn site is Zoned IN1 General Industrial and is close to the M5 Motorway, providing easy access to nearby regions in Sydney.

Colliers says approximately $520 million has traded within the Sydney industrial and logistics market in Q1 2022 and follows the $4.7 billion sold in 2021.

It notes 4 Benson Road, Ingleburn will be sold via an Expression of Interest campaign closing on Wednesday June 1 at 3pm (AEST).

For more information on Colliers, click here.

 

 

 

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