Market News
THE PROPERTY DEVELOPMENT REVIEW
LAST REMAINING ROZELLE GATEWAY SITE COMES TO MARKET
75 Victoria Road, Rozelle
A one-of-a-kind industrial/commercial development site along the high-profile Victoria Road has hit the market, as developer demand in the land-restricted Inner West flourishes.
driveway access points along Victoria Road. Purchasers are encouraged to explore the many permissible uses for the site, as opportunities of this scale rarely come to market. “Developments of this nature should be highly profitable and enjoy the future growth prospects with over 70,000 cars passing daily and the increased exposure to arise from surrounding upgrades,” says Mr Kotzias. The corridor has been somewhat of an eyesore for many years, however, with Stage 1 visions of the Future Bays West unveiled by the NSW Department of Planning, the once-inaccessible White Bay Power Station and surrounds, are earmarked to transform into a waterfront concourse. This ambitious urban renewal project, along with the forthcoming Metro Station, Rozelle Parklands, and the near-completed Rozelle interchange, will enhance the area’s appeal. Noted as one of Sydney’s most significant urban regeneration projects. Mr Kotzias stated, “This is the sole remaining vacant parcel of land in this precinct, that offers an opportunity for the next owners to po sition their business in a rapidly gentrifying precinct on the doorstep of the CBD”.
75 Victoria Road, Rozelle, tightly held for over 20 years by Stasia Pty Ltd will be marketed by Adam Charles, via an expressions of interest campaign with a 6.5-million- dollar price guide. Leading the campaign, associate Director, Peter Kotzias, is confident this prized Inner West landmark on over 1020 sqm will attract strong interest and invites discerning buyers seeking an exciting new business venture. The confidence in the sale has arisen from Mr Kotzia’s recent, July transaction of 53-55 Victoria Road, Rozelle. The 653 sqm property sold off market, last month for $5.1 million to a local investor. The property at 75 Victoria Road, Rozelle, offers an elevated land holding of 1,024 sqm and is the last undeveloped site along the Victoria Road corridor- known as the gateway to the CBD. Featuring 3 street frontages, a substantial 49*m frontage to Victoria Road and CBD skyline views. Once a service station - now fully remediated and ready for a new life, the E4, General industrial site benefits from DA/CDC approval for a modern two-storey car wash/ car service development with two approved
Interested parties can contact the team at Adam Charles - expressions of interest will close on the 7th of September 2023.
August / September 2023 – 15
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