Blacktown Police Station changes hands for $16.75 million

A private investor has acquired the Blacktown Police Station for $16.75 million with the unusual asset attracting significant interest from a range of groups including institutional investors through to family offices.

CBRE’s Lord Darkoh, Ray Ahsan, and Alex Mirzaian managed the sale of 11 Kildare Road via an Expressions of Interest campaign.

Fully leased to the NSW Police Force on a triple net lease, it generates a secure rental income of $822,099.96 per annum, resulting in a net yield of 4.9%. The lease extends to 2028, with a five-year option.

Mr Darkoh said the sale underscores the growing demand for secure, government-tenanted properties.

“The 4.9% net yield achieved reflects a clear flight to quality, with both local and offshore investors increasingly targeting Blacktown as a strategic growth market,” Mr Darkoh noted.

“Interestingly, the purchaser is traditionally a share market investor, but recent economic volatility has driven them to refocus their portfolio toward secure, metropolitan real estate. We are seeing a wave of traditionally Sydney Eastern suburbs and North Shore capital pivoting westward in search of greater value, scale, and long-term upside. This sale signals that blue-chip property—particularly government-tenanted—is increasingly viewed as a safe haven,” he added.

Mr Ahsan added, “The EOI campaign attracted significant interest from institutional investors, family offices, private syndicates, offshore capital, and well-resourced local groups. We received several premium offers, highlighting the capital actively pursuing government-leased investments with strong fundamentals.”

Strategically positioned opposite the recently acquired Westpoint Shopping Centre, the property spans 952sqm of land with a total building size of 1,766sqm.

The Blacktown Police Station is part of the emerging Blacktown Justice Precinct, which will benefit from the anticipated Blacktown Quarter Development—aimed at transforming Blacktown into a vibrant urban centre. The property is conveniently located just 100m from Blacktown Train Station, enhancing its accessibility and appeal.