$100 million price tag for Rosebery lots

$100 million price tag for Rosebery lots
$100 million price tag for Rosebery lots

Rosebery Properties and Filetron, a Cottle family company, are selling three separate lots of land with a value of over $100 million in Rosebery.

It is part of an ongoing rapid transformation from industrial to residential.

Located at 12-40 Rosebery Avenue and 108 Dalmeny Avenue, Rosebery, the site consists of a large area of 15,215sqm with existing industrial and commercial buildings equating to 11,722.80sqm generating an existing rental income in excess of $2,000,000 + GST.

The site has a huge dual frontage in excess of 170 metres to both Rosebery Avenue and Dalmeny Avenue and is located within one of Sydney’s strongest new apartment suburbs, with a potential Gross Floor Area of 32,864.40sqm and a height limit of 29 metres.

Agents Michael Crombie and Trent Gallagher of Colliers International have the offering. 

Michael Crombie said it was one of the best sites to come onto the market in 2016.

"It has great scale, over multiple titles, quality buildings and solid income, allowing staging of the development.

“Well known developers have focused heavily on the Rosebery precinct, including Meriton, Mirvac, Stockland, Top Place, LIVstyle & JQZ as Rosebery provides a lifestyle choice for the discerning investor or occupier, with so many new trendy eateries within the precinct."

Rates being achieved in nearby residential development projects such as “Symphony” by Meriton a 215 unit brand new development on Epsom Road, Rosebery due for completion mid 2017 are as high as $19,000 per square metre.

Offers close December 6.

Tags: 
Sydney Colliers International

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