The 46,164sqm prominent corner development site at 415 Flushcombe Road boasts 327 metres of street frontage to Great Western Highway, in addition to frontages to both Flushcombe Road and Oatley Close.
Zoned IN1 General Industrial within a key Western Sydney industrial precinct, the site includes DA approval for two lots at a time where demand is sky-high for industrial and logistics space.
Ray Trimboli and Michael Wall from Savills have been appointed by Blacktown City Council to sell the former animal holding facility via an expressions of interest campaign.
“The site represents a rare opportunity for developers and owner-occupiers to acquire an industrial zoned greenfield site within the M7 Motorway. Huntingwood is one of the most centrally located industrial precincts in the Sydney market with immediate access to its major road networks,” said Trimboli, director of industrial and logistics at Savills.
“We’ve seen occupiers increasingly look to optimise their fulfilment models, either because they are increasing their stock holdings to mitigate supply chain risk or to develop shorter delivery time frames to maximise their operational efficiency.”
The site offers connections to Western Sydney’s arterial road network and interstate B- double transport routes and exposure to approximately 34,000 vehicles each day on the Great Western Highway.
“This has intensified the demand for areas with linkages to Sydney’s orbital network, in turn keeping vacancy at record low,” added Trimboli.
Wall noted that the vacancy rate for investment grade stock above 3,000sqm is currently sitting below 1% in Western Sydney.
“This shift in demand is up against constrained supply, despite an uptick in the development pipeline, resulting in a 28-30% rental growth rate on assets in the last 12 months. In fact, the combination of intense competition for few availabilities and no significant supply relief has seen growth rates jump well above their long run average of about 3.3%,” added Wall.
“This substantial rental growth, alongside a shortage of existing options and record preleasing commitment on new builds, has also resulted in a notable increase in interest from major groups to own their facilities.”
The property has become available after the Blacktown City Council announced plans to move the existing animals held at the facility to a new and improved $30M state-of- the-art Animal Rehoming Centre at 20 Owen Street in Glendenning.
The new facility will include a cattery, dog kennels, adoption condos and kennels, surgical spaces and more.
The expressions of interest campaign for 415 Flushcombe Road is scheduled to close November 16, 2022.
