image: 5-7 Bourke Road Alexandria
A freehold industrial building at 5-7 Bourke Road, Alexandria, is now on the market through Cushman & Wakefield and Colliers, offering significant potential for owner-occupiers, investors, and developers.
The property includes a boutique freehold building with a ground-floor warehouse/showroom and office space on the first floor. It boasts a 36-metre frontage to Bourke Road, a key thoroughfare in the South Sydney industrial precinct. Constructed of brick and concrete, the building is currently used as a florist and a motorised scooter hire business, with vacant possession available in December 2024.
Tim Cassidy, Director at Cushman & Wakefield said "The asset is ideally located in the vibrant inner-city suburb of Alexandria, approximately 5.7 kilometres south of the Sydney CBD and 200 metres from Green Square Station and Town Centre. The property is within walking distance of world-class amenities, including parks, open spaces, a library, aquatic centre, recreation facilities, and retail amenities, allowing occupiers to connect, exercise, and relax."
Colliers National Director Trent Gallagher said, "This property offers an astute owner-occupier the chance to acquire a freehold asset in Australia's strongest warehousing market. The site is also ideal for redevelopment, with zoning that allows for a maximum height limit of 45 metres. Its proximity to Green Square train station is another significant advantage."
A permit is already in place for a nine-storey mixed-use commercial office development comprising 5,363 sqm of GFA at a 3.85:1 FSR, with basement parking. The property is surrounded by numerous amenities, including newly developed parks, wellness and recreational facilities, and a vibrant café and restaurant scene, making it a highly desirable location.
Michael Crombie, Colliers National Director, added, "It's rare to find such prime boutique buildings for sale so close to Green Square on a busy road. This building is perfect for an owner-occupier but also comes with Development Approval for an office tower, offering maximum flexibility for any purchaser, whether to occupy or landbank. The new pocket park approved on the eastern boundary also enhances future design possibilities."
New transport infrastructure serves the site, making commuting easy. Green Square Station is a short walk away, and the WestConnex St Peters Interchange is a 1 km drive away, linking the site to greater Sydney. New public walkways will further integrate Alexandria's future with this site, connecting it to the 24-hour cultural precinct, local parks, and Green Square Town Centre.
With price expectations exceeding $14 million, 5-7 Bourke Road, Alexandria, is offered for sale via an Expressions of Interest (EOI) campaign closing at 3:00pm (AEDT) on Monday, 25th November 2024.
