77 Governor Macquarie DriveChipping Norton NSW 2170
Property Details for 77 Governor Macquarie Dr, Chipping Norton
Last Listing description (March 2024)
LJ Hooker Commercial is pleased to offer 77 Governor Macquarie Drive Chipping Norton to the market for sale via Expressions of Interest (EOI).
Situated in popular the Inner South West suburb of Chipping Norton, where land supply is diminishing, benefitting from strong prospects for capital and rental growth.
Key Property Features:
- Total building area of 2,000sqm
- Strong holding income across 5 tenancies
- Prominent 100m frontage to Governor Macquarie Drive
- Substantial 41,490sqm infill parcel zoned IN3 Heavy Industrial
- Immediate value-add and development upside post lease expiry (STCA)
- Ideally positioned to redevelop the site into a prime multi-level logistics facility
- One of the last remaining blocks of land of scale within the Inner South West
- Proximity to major infrastructure Moorebank Intermodal and Western Sydney airport
- Tenant and buyer migration from South Sydney has significantly driven values in the area
- Level rectangle site suitable for redevelopment opportunities - pre lease, subdivision, turn key or a business estate
- Flexible dual zoning of IN2 Light Industrial and IN3 Heavy Industrial allowing for a wide range of uses
77 Governor Macquarie Drive Chipping Norton is for sale via Expressions of Interest (EOI) closing 3:00pm on 1st September 2022.
To obtain a copy of the information memorandum or to arrange an inspection, contact exclusive selling and marketing agent Ryan Jennings
M: 0432 030 014
E: rjennings@ljhcb.com.au
Property History for 77 Governor Macquarie Dr, Chipping Norton, NSW 2170
- 17 Nov 2023Sold for $62,000,000
- 09 Mar 2023Listed for Rent - Price not available
- 02 Aug 2022Listed for Sale Under Contract
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About Chipping Norton 2170
The size of Chipping Norton is approximately 7.2 square kilometres. It has 32 parks covering nearly 23.2% of total area. The population of Chipping Norton in 2011 was 8,836 people. By 2016 the population was 9,008 showing a population growth of 1.9% in the area during that time. The predominant age group in Chipping Norton is 30-39 years. Households in Chipping Norton are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Chipping Norton work in a professional occupation. In 2011, 81.1% of the homes in Chipping Norton were owner-occupied compared with 79.4% in 2016.
Chipping Norton has 4,336 properties. Over the last 5 years, Houses in Chipping Norton have seen a 67.56% increase in median value, while Units have seen a 22.04% increase. As at 31 October 2024:
- The median value for Houses in Chipping Norton is $1,423,151 while the median value for Units is $624,990.
- Houses have a median rent of $750 while Units have a median rent of $720.
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