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Meadowbank: Sydney's strongest growth hot spot

Property Markets / Outlook

Australia

Feb 03 2017

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Sydney, February 1, 2017 – Meadowbank, just 15kms west of the Sydney CBD has completely transformed over the past few years due to some of the country's largest developers snapping up sites within the riverside suburb. 

The area is also highly sought after with owner occupiers and apartment investors due to its proximity to quality amenities which include rail, ferry and bus links, Top Ryde Shopping Centre and Macquarie University. 

Due to this flourishing hot spot which shows no signs of slowing down, a local private investor is bringing a 924sqm (approximate) mixed use development site to the market with price expectations of circa $6 million and above.

For sale through Miron Solomons and James Bellew of Colliers International, 9-11 Railway Parade is within 100m to Meadowbank train station and offers rear lane access and flexible development controls.

The site is directly across the river from the high density residential towers that Australia’s largest developer, Meriton have constructed in Rhodes and the much anticipated Wentworth Point.

According to Miron Solomons, Director, Sydney Metro Sales Investment Services at Colliers International, “This is the perfect start to 2017 testing the depth of the small to medium size development sites market in one of Sydney's strongest growth hot spots. 

“We expect very strong interest from national and local developers who will capitalise on the flexible development controls, 21.5m height allowance and B4 mixed use zoning” he said. 

According to James Bellew, National Director, Residential Site Sales, at Colliers International, “Meadowbank is a major hub for residential development and this highly sought after development opportunity is offered with holding income from multiple tenants with a short term lease profile, making it a perfect win: win investment in a thriving area”.

9-11 Railway Parade Meadowbank is going to auction on Wednesday 8 March 2017 through Colliers International. 

 

 

About Colliers International Group Inc.

Colliers International Group Inc. (NASDAQ and TSX: CIGI) is an industry leading global real estate services company with more than 16,000 skilled professionals operating in 66 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting. 

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 11 consecutive years, more than any other real estate services firm. 

For the latest news from Colliers, visit Colliers.com or follow us on Twitter (@Colliers) and LinkedIn.

 

SOURCE: Press Release

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