Inner West landmark development site hits the market

The opportunity to acquire a landmark development site in Sydney’s Inner West, with major planning incentives, is expected to attract significant interest from developers and investors.

Long held by a diverse group of investors who have now brought this prominent site to market recognising its strategic positioning and the unique planning advantages it offers.

CBRE’s Ben Wicks and Alex Mirzaian are exclusively managing the sale of 155-169 Parramatta Road Five Dock via an Expressions of Interest campaign.

The property is identified as ‘Key Site 20’ under the Parramatta Road Corridor Urban Transformation Strategy (PRCUTS) meaning it is eligible for significant planning incentives through the Canada Bay LEP 2013.

These incentives support the delivery of community infrastructure and enable the potential for a mixed-use development of up to 22 storeys, subject to council approval (STCA).

Mr Wicks noted with the Key Site classification and access to incentive floor space ratio, the property offers a level of planning certainty not commonly available in the area.

“This is a rare opportunity to secure a site of genuine scale in one of Sydney’s most connected and evolving corridors,” said Mr Wicks. “The planning uplift available through PRCUTS, combined with the site’s proximity to the future metro and major road networks, makes this a compelling proposition for developers seeking long-term value and flexibility.”

The 14,122sqm* freehold site offers a maximum Gross Floor Area of 42,366sqm* (STCA) and is offered with flexible options for vacant possession or continued holding income from two car dealerships, office and warehouse facilities.

Mr Mirzaian added, “Key Site 20 offers a unique combination of scale, connectivity and planning certainty. The ability to access additional floor space through PRCUTS incentives—while delivering community infrastructure—makes this a standout opportunity for developers looking to deliver a transformative project in the Inner West.”

The site is exceptionally well connected, located just 850 metres* from the future Burwood North Metro Station, 9.3km* west of the Sydney CBD, 13.3km* east of Parramatta, and moments from the M4 Motorway. It also benefits from proximity to key employment hubs, schools, and public transport.

Expressions of Interest close on Thursday, 21 August 2025 at 4:00pm (AEST).

*Approximate