Pictured above: 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.
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-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 to seize this one-of-a-kind opportunity.
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. With this success story in mind, the potential for growth in this precinct becomes even more enticing.
The property at 75 Victoria Road, Rozelle, offers a significant 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 & CBD skyline views, the elevated position ensures unparalleled 24/7 day and night exposure - an ideal choice for businesses seeking to flourish in the spotlight.
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 cutting-edge two-storey car wash/ car service development. Moreover, two approved vehicular driveway access points along Victoria Road have been thoughtfully designed for seamless ingress and egress.
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 & surrounds, are earmarked to transform into an exciting waterfront playground. This ambitious urban renewal project, along with the forthcoming Metro Station, Rozelle Parklands, and the near-completed Rozelle interchange, will undoubtedly propel the area to new heights- Noted as one of Sydney’s most significant urban regeneration projects.
Peter Kotzias stated, “This is the sole remaining vacant parcel of land in this precinct, that offers a rare opportunity for the next owners to position their business in a rapidly gentrifying precinct on the doorstep of the CBD”.
Adam Bodon added, “Vacant land parcels this close to the CBD simply don’t exist. With the benefit of an incoming metro station and the activation of White Bay, it’s a business location with exceptional long-term upside”.
Interested parties are encouraged to act swiftly, as expressions of interest for this prime industrial/commercial development site will close on the 7th of September 2023. For further information or to arrange a private viewing, please contact the team at Adam Charles today.
