An industrial site in the sought-after suburb of Melrose Park has been purchased by the Holdmark Property Group for $40 million.
Sold by pharmaceutical group Eli Lilly, the site at 112 Wharf Road is in one of Sydney's last under-developed locations, close to the waterfront.
The property offers a land area of 21,000sqm and offers strong development potential. There is a substantial existing campus style facility with a floor area of 8,140sqm onsite.
The property has a 4 stars NABERS energy rating.
Holdmark Property Group is a privately owned property development and investment group. Its portfolio includes Majors Bay at Mortlake, Harvard at Shepherds Bay, Oxford at Shepherds Bay and AIR at St Leonards.