Sydney, 11 May 2015 – A local builder developer has acquired a Carlingford site with high density residential development potential for a multi-million dollar figure.
The site, located at 28-34 Donald St, is comprised in four lots with a total land area of 2,826sqm and is situated within close proximity of Carlingford Court Shopping Centre, Carlingford Village, major education facilities such as the University of Western Sydney, and public transportation amenities.
The site further boasts high density residential zoning, offering a fantastic opportunity to deliver a boutique residential development in the popular and fast growing north-west of Sydney, subject to council approvals.
CBRE’s Danny Shi negotiated the sale on behalf of four private owners via a public Expressions of Interest campaign.
Mr Shi said the site’s desirable location within walking distance of popular amenities and the development prospects offered were key selling factors.
“The residential development potential means the site may have significant future earning prospects, which was particularly appealing to the purchaser.”
“CBRE North Sydney team has an unparalleled track record in the north shore and this sale further represents our commitment to helping private vendors achieve the maximum value for their land,” Mr Shi said.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
