A strategic industrial landholding positioned within one of Sydney’s leading industrial precincts has sold by the Colliers Industrial & Logistics team. 

223 Rookwood Road, Chullora incorporates a semi-modern industrial facility, positioned within the tightly held institutional grade investment market of Chullora. The site benefits from excellent main road exposure to Rookwood Road and immediate access to key arterial motorways including the Hume Highway, M4 and M5 Motorways, positioning the precinct as a premier last-mile logistics location. 

Existing improvements incorporate a 4,813 sqm industrial facility, comprising high clearance warehousing equipped with an 8-tonne gantry crane to the rear, with two levels of office accommodation towards the front of the facility. The site also benefits from a large hardstand component and surplus land to the rear, presenting significant development potential. 

The asset has been owner occupied by Bridgestone Mining Solutions Australia for 35+ years where they have utilised the premises as a key distribution centre for their off-road tyre business in Australia. 

The property was sold via an on-market Expressions of Interest (EOI) campaign which received significant interest from a large cross-section of potential purchasers, including private and institutional investors, developers and owner occupiers and was sold through Colliers’ Trent Gallagher, Gavin Bishop and Sean Thomson.

“The success of this substantial sale transaction can be attributed to the sites unique land rich nature with diverse appeal to a large cross-section of the investment, development and occupier market. Given the property’s high-profile positioning and significant development potential, the adjoining landowner saw great value in further building out scale on the Rookwood Road thoroughfare,” Mr Gallagher said. 

“Industrial sites with good access to power are in high demand, not only from occupiers but also from investors, due to their ability to support energy-intensive operations, ensuring smooth and efficient workflows. Additionally, these sites offer scalability, enabling businesses to expand as their energy needs grow, along with the potential for higher and better use in the future,” Mr Thomson said.

“We received strong interest for the asset given the tightly held nature of the Chullora industrial market and the land rich characteristic of the property. The low site coverage and quality warehouse improvements appealed to both the investment and owner occupier markets,” Mr Bishop said.

The property was sold subject to a 2-month leaseback to Bridgestone Mining Solutions Australia, whilst they wind-up operations at the site. The incoming purchaser will then look to implement a range of core plus and value-add initiatives to capitalise on the strong leasing market. 

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