Property

Blacktown Council lets the dogs (and cats) out of Huntingwood

THE Huntingwood East site of Western Sydney Cats and Dogs has entered the market, as plans for Australia’s first custom-built animal rehoming centre go ahead.

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 $30 million 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 16 November 2022.

The Huntingwood site.

Aerotropolis land ready for take off

AROUND 200 acres of prime land

is up for sale with price expectations of $70M, in the largest property to ever come to market in the rapidly developing Western Sydney Aerotropolis precinct.

Offering investors an unprecedented opportunity between Luddenham Village and the western pocket of the airport, 2215 The Northern Road has recently been largely rezoned to Agribusiness.

The strategically positioned Luddenham site, around 42km west of the Sydney CBD, offers flexibility for multiple uses through its zoning, including pharmaceutical manufacturing, logistics and freight, commercial, retail and warehouse.

Thomas Mosca and Nick Estephen from Colliers have been exclusively appointed to list the property via an international expressions of interest campaign.

“I don’t think a property with as much potential has ever been offered to the market. This is 200 acres of land adjoining Sydney’s only 24-hour international airport. It’s a blank canvas,” Mosca said.

“The Western Sydney Airport is charging towards its deadline of 2026 with construction of the first runway and terminal almost complete.”

Earlier this year, the Aerotropolis Planning Package was finalised adding amendments to boost investments in the future Western Sydney International Airport’s employment precincts, which will see more than 100,000 jobs and 11,400 jobs generated at the circa 65,000-hectares of land.

“Opportunities like this are seldom seen and with the region’s growth already evident, there’s no better time to invest into Western Sydney,” concluded Estephen.

The expressions of interest campaign for 2215 The Northern Road closed on November 24, 2022.