A development opportunity in the thriving suburb of West Ryde, one of Sydney’s most tightly held industrial precincts is up for sale through Ray White Commercial Eastern suburbs and CPG South West.

The property will be auctioned on Wednesday 31st August at 6 pm at the offices of CPG South West in Kitchener Parade, Bankstown.

Ray White Commercial’s Grant Whiteman said there has been no land for sale in the area for many years so expected the property to attract strong interest from a range of buyers.

Located at 78 Hermitage Road, West Ryde, the property has been held by the same two families for about 50 years.

The corner property consists a flat level piece of industrial land zoned IN2 Light Industrial covering a total of 1,618 square metres. It features a frontage of 31.86 metres to Hermitage Road and a 50.98 metre frontage to The Nook Lane.

Improvements comprise an older style factory of 672 square metres, split into two tenancies plus a rear yard presenting the potential to owner occupy as one half of the factory is vacant with the remaining space occupied on a monthly tenancy basis.

The site was originally owner occupied as a mechanics workshop specialising in gearbox repairs but more recently was held as an investment.

Mr Grant Whiteman told The INDUSTRIALIST, "the offering was truely unique, with no industrial land or strata industrial units available in the area for lease or purchase.

He added that the site was just metres to Victoria Road and surrounded by high profile neighbours including Pet Barn and Officeworks while train transport and shopping precincts were close by.

The new Meadowbank Education and Employment precinct is also just a short walk away.

The concept of the new Meadowbank Education and Employment Precinct is to have education at its heart while also connecting students to training and employment opportunities with local industry and the surrounding community. It will be an open, safe place where locals can access shared facilities and new community spaces.

Planning is also underway to deliver a multi-sports community facility at the site of the original Marsden High School after the school relocates to the Meadowbank Education and Employment Precinct. 

To request a copy of the Information Memorandum please contact the marketing agent Ray White Commercial’s Grant Whiteman via the contact details below.