Mount Kuring-gai sits in a strategic northern Sydney position providing access to the greater Sydney market as well as the growing Central Coast region. With exceptional access to major arterial networks such as the Pacific Highway, M1 and M2 Motorways the location is ideal for investors and owner occupiers. 

The Mount Kuring-gai market boasts an ideal location and several notable freestanding buildings. Over the past 12-24 months, these properties have been snatched up by Owner Occupier businesses, leading to a rise in land values. 

“We are seeing increased demand from occupiers which is increasing land values and leading to rates higher than historic averages being achieved.” mentioned John Carney, Associate Director at Colliers. 

With considerable activity in the area, various properties within the Industrial & Logistics market are transacting, further contributing to this upward trend.

Colliers Industrial & Logistics North Sydney expert John Carney has been involved in a number of these market leading transactions setting the trend across Mount Kuring-gai.

A prime example of this occurring is the sale at 50 Beaumont Road, Mount Kuring-gai. The 3,310m² freestanding building sitting on a site area of 5,619m² sold to Ideal Bathroom Centre for $8,250,000 representing a land rate of $1,468/m². 

Further to this 3 Gundah Road located within Mount Kuring-gai boosts a 5,148m² site area, with a 1,200m² freestanding building. The property at Gundah Road was secured by Austand for $9,000,000 reflecting a land rate of $1,748/m².

Both properties are older style freestanding buildings, however achieved higher than average land rates for Mount Kuring-gai. 

“The sites were purchased by Owner Occupiers who already reside and lease in the area and have decided to purchase to further grow their businesses footprint.” said Mr. Carney. 

These market leading transactions represent the trend of Owner Occupier businesses buying up freestanding buildings in the Mount Kuring-gai area, which in turn is reflecting increases in land values.

It further shows by both purchasers securing additional sites to expand their businesses, that Mount Kuring-gai presents as an ideally sought after location and provides significant access to surrounding major arterial roads. 

For further information on the Industrial & Logistics market across North Sydney or to discuss opportunities within Mount Kuring-gai reach out to Collier’s sales and leasing expert John Carney.