The NSW Federal Government and Sydney City have put a 30,000 sqm combined landholding up for sale, in what’s been referred to as a” when in a generation”opportunity.The mega parcels surrounding Sydenham station – noted on realcommercial.com.au as Proposed lot 61, 11 Sydenham Roadway and proposed lots 71 and 72, off Sydney Steel Road – are used by Colliers’ Trent Gallagher and Michael Crombie.The lots can be obtained individually or as a whole, comprising of 24,810 sqm, 2,563 sqm, and 4,029 sqm respectively.
Sydenham station is a significant interchange serving both heavy rail and City services. Photo: realcommercial.com.au The land is underpinned by E4 General Industrial Zoning with no height limitations, and sits nearby to Sydenham city station and Marrickville City shopping centre.Mr Crombie
said this offering has strong principles.
“The ability to acquire the parcels separately or combined offers versatility hardly ever seen at this scale and we expect strong interest from domestic and overseas capital looking for scarcity-driven value and future optionality,” he said.
Artist’s impression of the type of development authorized at 5 Belmore Street, Burwood. Photo: Supplied These two listings form another piece in the puzzle of the NSW Government’s hunger in changing obsolete commercial sites close to the CBD.An essential task in the location includes the$1.5 billion Timberyards build-to-rent precinct with a target of 10,000 units.Earlier this month, the state federal government revealed it would unlock Glebe Island to form a brand-new inner-west suburban area comprising of 8,500 houses, called Bays West.