SOLD
Sold on 21 Dec 2023 for $28,000,000

83 Tenth Avenue
Austral NSW 2179

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 12140m2
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Property Details for 83 Tenth Ave, Austral

Building Type
Commercial
Land Size
12140m2
Local Government
Liverpool
Lot/Plan
835/DP2475

Last Listing description (October 2023)

CBRE, as the exclusive sales agent is pleased to present 83 - 95 Tenth Avenue, Austral to the market.

The property is Identified as a large-scale strategic neighbourhood centre development within the South West Growth Area's Austral & Leppington North precinct. Boasting a significant total land area of 22,017.06sqm* across three titles, the site enjoys B1 Neighbourhood Centre zoning and Austral Shopping Centre improvements.


83 - 95 Tenth Avenue, Austral benefits from the following key features:

- Significant total site area of 22,017.06sqm* across three titles
- Ideal corner position exposure to Edmondson Avenue (156m*) and Tenth Avenue (116m*)
- B1 Neighbourhood Centre zoning and 17m height of building
- Identified under the South West Growth Area's Austral & Leppington North precinct as Austral Neighbourhood Centre
- Existing Austral Shopping Centre improvements anchored by IGA Supermarket and supported by additional cafes, restaurants and speciality stores
- Austral Neighbourhood Centre set to benefit from a projected 54,000 new residents across 17,350 new dwellings in the precinct
- Only 2.5km* to Leppington Train Station and the upcoming Leppington Major Centre
- Local NSW Government led infrastructure projects to further bolster Austral such as Western Sydney Airport (due to open in 2026), 790m funding of Liverpool Hospital's upgrades, WestInvest and Fifteenth Avenue Smart Transit and more

83 - 95 Tenth Avenue, Austral will be sold via Expression of Interest closing on Tuesday, 21 November 2023 at 3:00pm (AEDT).

For a copy of the Information Memorandum or to find out more about the opportunity, please contact the exclusive listing agents

*Approx.

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Property History for 83 Tenth Ave, Austral, NSW 2179

A timeline of how this property has performed in the market
Last Sold
$28,000,000
21 Dec 2023
  • 21 Dec 2023
    Sold for $28,000,000
  • 16 Oct 2023
    Listed for Sale Contact Agent
  • 15 Dec 2016
    Sold for $11,250,000

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About Austral 2179

The size of Austral is approximately 15.6 square kilometres. It has 6 parks covering nearly 5.4% of total area. The population of Austral in 2011 was 3,023 people. By 2016 the population was 3,014 showing a population decline of 0.3% in the area during that time. The predominant age group in Austral is 40-49 years. Households in Austral are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Austral work in a trades occupation. In 2011, 67.3% of the homes in Austral were owner-occupied compared with 60.5% in 2016.

Austral has 9,297 properties. Over the last 5 years, Houses in Austral have seen a -49.83% decrease in median value, while Units have seen a 90.76% increase. As at 30 September 2024:

  • The median value for Houses in Austral is $938,729 while the median value for Units is $849,071.
  • Houses have a median rent of $750 while Units have a median rent of $545.
There are currently 379 properties listed for sale, and 48 properties listed for rent in Austral on OnTheHouse. According to CoreLogic's data, 760 properties were sold in the past 12 months in Austral.

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