A 20,983sqm industrial site in Sydney’s south-west, which has been built up by the family-owned ventilation company over the course of 45 years, is expected to cause a feeding frenzy between investors and developers.
Ventilation company Airfoil currently owns and occupies four titles at 119-131 Newbridge Road, Chipping Norton after setting up shop in 1976.
The land has IN3 – Heavy Industrial zoning, meaning it offers significant redevelopment potential is expected to fetch more than $25 million.
Located directly opposite Mirvac’s new Georges Cove and Moorebank Marina developments on the banks of the Georges River, the property sits within the centre of major urban renewal projects within the Liverpool City Council area.
Existing warehousing occupies approximately 10,000sqm of the site, which is offered for sale with a short-term leaseback.
CBRE’s Keegan Ridings and Andrew Sukkar and Industrial Zone Real Estate’s Osman Omar have been appointed to handle the sales campaign on behalf of Airfoil.
“An industrial development opportunity of this scale is a rarity in Sydney’s inner south-west, a highly sought-after area,” Mr Ridings said.
“This is a large, well-connected site with considerable potential and we’re expecting significant investor and developer interest to reflect that.
“This stretch of Newbridge Road is traversed by 45,000 cars each day, and will be transformed by the Georges Cove and Moorebank Marina projects in the years ahead.”
The parcel offers 120m of frontage on Newbridge Road, additional frontage on Pat Devlin Close and easy access to the M5 Motorway and Hume Highway.
Liverpool will also be the home to Sydney’s second international airport at Badgerys Creek, which is due to open in 2026.
“Developments such as the new Western Sydney International Airport underline Liverpool’s growth and standing as Sydney’s third CBD,” Mr Omar added.