A significant industrial development site in Sydney’s north has sold for $19.75 million.  

The land parcel of 18,840sqm comes with flexible E4 General Industrial zoning providing the potential for future development or reuse. 

The property at 26-32 Beaumont Road in Mount Kuring-Gai sold at a land rate of $1,048 per sqm through the Colliers team of Trent Gallagher, Sam Thomlinson and John Carney, in conjunction with Ben Byford and Joshua Charles of One Commercial. 

“The buyer recognised the scarcity of this unique asset, with industrial land with site coverage below 10 per cent in the North Sydney market so few and far between. It was a competitive process, and the new owner will benefit from the strong underlying land value growth,” Mr Carney said. 

“Mount Kuring-Gai is home to many well-known national occupiers, with the new owner benefiting from this. The property also takes advantage of connectivity to local transport, while also having prominent frontage to the main thoroughfare within the precinct,” Mr Gallagher added. 

“The North Sydney industrial market is one of the region’s most land constrained. This transaction is a testament to the ever-growing demand for land rich industrial sites in tightly held precincts such as the north. It is positive to see owner-occupiers are still active in trying market conditions, Mr Thomlinson said. 

The main structure is comprised of a 792sqm warehouse and 557sqm office and amenities in addition to a further 89sqm mezzanine. 

Two further structures (shed & undercover storage area) total 365sqm. The warehouse components enjoy clearance of 7.8m rising to 9m and are of portal steel frame construction with concrete slab flooring and pressed metal roofing. To complement the warehouse space are five on-grade roller doors.

Mount Kuring-Gai sits in a strategic northern Sydney position having fast access to the greater Sydney market as well as the growing Central Coast region.

Related Readings 

Sydney industrial development site Zoned E4 General Industrial on 18,840sqm leased to multinational for sale by Colliers  

Mount Kuring-gai Freestanding Building Sales Driving Increased Land Values – Colliers 

Impressive auction result as strategic Western Sydney landholding sells for $23m - Colliers 

Sydney Central West industrial landholding for sale by Colliers 

Record Geelong industrial land sold rate $/sqm - Colliers

Colliers offer Southern Sydney industrial site for sale on behalf Receivers and Managers over the property