Major DA approved Western Sydney residential site for sale

EXPRESSIONS of interest are being sought for a major residential development site with an approved DA for 91 units in the Western Sydney suburb of Granville at 34-42 East Street.

The mixed-use parcel comes with 1,577sqm* of land area, is adjacent to the Granville train station, and is just minutes from the Parramatta CBD and University of Western Sydney.

The site is being marketed and sold by Ray White Commercial NSW Managing Director and Partner Jeff Moxham and Associate Director Samuel Hadgelias.

Mr Moxham said with an approved DA for 91 units and an advanced concept available for an additional 30 units, the asset offered a rare opportunity to deliver a high-profile landmark tower in a booming precinct.

“The recent commencement of construction at Granville Place (38 Cowper Street) has Granville poised to become a one-stop hub,” Mr Moxham said.

“The immediate precinct is currently undergoing a significant gentrification process including major developments from two international groups.

“It offers access to supermarket, healthcare and childcare services, along with specialty retail that supports Granville’s existing rich variety of dining and shopping options at South and Good Street.

“Close to Sydney’s dual CBD at Parramatta, Granville will be a vibrant mix of new housing, shops and commercial spaces, linked by a much-improved network of streets and attractive new parks and public spaces.

“It’s an exciting time for Granville, with international group Shokai Ausbao building more than 600 apartments that will also contain a Woolworths supermarket and other speciality stores.

“That’s complemented by major developer Starryland being in the process of delivering an impressive mixed-use development at 26-44 Good Street and 59-61 Cowper Street.”

Mr Hadgelias said the asset was perfectly placed to be a key anchor of the ‘Greater Sydney Regional Plan’ in the future.

“The plan is built on a vision of three cities (Sydney, Parramatta and Penrith) where most residents live within 30 minutes of their jobs, education and health facilities, services and great places,” he said.

“Its first stage, being developed by Walker Corporation, will accommodate over 12,000 office workers with over one third being NSW government staff relocating from Sydney CBD by 2021.

“When you look at developments like Parramatta Square, the light rail proposal and the investments going in to Western Sydney University and Westmead Health Campus, Granville is going to be the ideal precinct for all demographics to base themselves.”

Expressions of interest close on Wednesday 31 July at 3pm (AEST).

*Approximately.