Strong economic growth in Sydney’s emerging South West capital city of Liverpool has sparked the sale of a residential development site.
CBRE Western Sydney’s Thomas Mosca, Ned Mannoun, and Alex Mirzaian have been appointed to sell 62 Copeland Street – a 533sqm parcel, underpinned by favourable high density zoning.
The property is being offered for sale via auction on behalf of a Chinese vendor, who after purchasing the property two years ago, is looking to capitalise on Liverpool’s strong growth.
Mr Mosca said the property’s position in the heart of Liverpool would underpin strong buyer interest.
“Western Sydney, and Liverpool in particular, is undergoing one of the most significant gentrifications in Australia due to the amount of opportunity which lies in the municipality; from the progressive council, recent rezoning of areas such as Edmondson Park, Austral, and Leppington, as well as the development of Badgerys Creek Airport,” Mr Mosca said.
“Liverpool continues to cement its position as the capital of Sydney’s South West, as evidenced by the recent commitment of the Western Sydney University and University of Wollongong for their new developments in the CBD.
Mr Mosca said Liverpool’s continued capital growth was expected to ignite strong interest in the R4 High Density zoned property.
“The site is perfectly positioned in the Liverpool CBD, surrounded by successful residential development, and within walking distance to Liverpool Train Station, Liverpool Westfield, and the imminent Western Sydney University campus at 100 Macquarie Street.”
The property will be offered for sale via auction on October 25.
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