Two Sydney listings with price expectations totalling the $100 million mark have hit the market.
A large format retail precinct, Blaxland Home Centre has been listed for sale in Sydney’s south west suburb of Campbelltown.
The centre, which has price expectations around $50 million, sits across four separate lots and titles occupying a 4.17 hectare site.
Colliers International is brokering the deal, which they anticipate will generate strong demand from a variety of buyers.
“Last year, Australia’s Large Format Retail sector recorded $1.03 billion worth of investment sales across 21 assets, with around 20 per cent of these taking place in New South Wales,” Colliers James Wilson said.
Related: Growthpoint's Sydney Olympic Park Buildings to Fetch $70 Million-Plus
Across town, Charter Hall is divesting its five-storey A-grade commercial office building at Sydney Olympic Park, which is also anticipating offers over $50 million.
The 5,931sq m property, located at 7 Murray Rose Avenue, sits on a 1,172sq m site.
Knight Frank’s Tyler Talbot and Graeme Russell along with Savills’ Matthew Dunn and Tim Grosmann have listed the property.
“The asset is strategically positioned opposite the Sydney Olympic Park Train Station and provides secure long term cash flow being underpinned by a long lease to strong covenant Thales Australia until 2032,” Talbot said.
The Sydney Olympic Park Master Plan 2030 addresses major expansion of the precinct with transport infrastructure projects including WestConnex, Parramatta Light Rail and Sydney Metro West.
