SOLD
Sold on 18 Apr 2024 for $24,500,000

20 Bourke Road
Alexandria NSW 2015

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 329m2
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Property Details for 20 Bourke Rd, Alexandria

Building Type
Commercial
Land Size
329m2
Local Government
Sydney
Lot/Plan
3/DP230211

Last Listing description (October 2023)

Colliers, on behalf of our valued client Addenbrooke, are pleased to offer for sale 20-26 Bourke Road, Alexandria, situated in the exciting precinct of Green Square, capitalize on this rare opportunity to acquire four adjoining sites in a prime location, underpinned by significant development upside and strong underlying existing building values.

With a combined land area of 3,307m*, this substantial land holding provides an abundance of opportunity for development with a total allowable GFA of 13,724m*.

The improvements consist of four older style industrial factories, an office component, and an onsite car park. The site benefits from its convenient accessibility to Sydney Airport, Sydney's CBD, and Eastern Suburbs, as well as greater Sydney via the newly constructed WestConnex.

Key Property Features:
- 3,307m of land across four titles in one of Australia's most tightly held markets
- Total FSR 4.15:1
- 180m from Green Square Train Station
- Highly functional existing improvements currently used as automobile workshops, and Mecca Coffee Roasters in a creative warehouse conversionlinked
- 45m height limit
- Short term/rolling leases for 20-24 Bourke Road
- Concept DA lodged for a 13,724m* commercial development
- Benefits from a multitude of new government infrastructure, such as the extension of Geddes Avenue, Waterloo Metro, a new dedicated lane that borders the site, and footpath widening on Bourke Road
- Amongst multiple new developments that will only enhance the value and desirability of the area

All figures are approximate.

20-26 Bourke Road, Alexandria for sale via Private Treaty

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Property History for 20 Bourke Rd, Alexandria, NSW 2015

A timeline of how this property has performed in the market
Last Sold
$24,500,000
18 Apr 2024
Listed for Rent
$1.92k/w
24 Feb 2020
  • 18 Apr 2024
    Sold for $24,500,000
  • 23 Aug 2023
    Listed for Sale Please contact agent
  • 17 Feb 2020
    Listed for Sale Not Disclosed
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About Alexandria 2015

The size of Alexandria is approximately 3.5 square kilometres. It has 10 parks covering nearly 14.2% of total area. The population of Alexandria in 2011 was 7,048 people. By 2016 the population was 8,252 showing a population growth of 17.1% in the area during that time. The predominant age group in Alexandria is 30-39 years. Households in Alexandria are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Alexandria work in a professional occupation. In 2011, 52% of the homes in Alexandria were owner-occupied compared with 46.9% in 2016.

Alexandria has 8,272 properties. Over the last 5 years, Houses in Alexandria have seen a 36.03% increase in median value, while Units have seen a 20.20% increase. As at 30 November 2024:

  • The median value for Houses in Alexandria is $2,165,256 while the median value for Units is $1,009,946.
  • Houses have a median rent of $900 while Units have a median rent of $795.
There are currently 23 properties listed for sale, and 42 properties listed for rent in Alexandria on OnTheHouse. According to CoreLogic's data, 341 properties were sold in the past 12 months in Alexandria.

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