Ray White Commercial and CBRE have been appointed by Jonathan Henry, Barry Kogan, Jason Ireland and Jason Preston of McGrathNicol in their capacity as Receivers and Managers of Merrylands Opera Pty Ltd exercising its power of sale, to market this partially DA approved residential development opportunity at 4 Terminal Place & 224-240 Pitt Street, Merrylands ("The Site").
This is an outstanding opportunity for developers and builders to deliver a landmark development opportunity in one of the fastest growing residential precincts in Western Sydney. The Site is situated adjacent to the railway station and is located in the epicentre of Merrylands town centre serviced by the local retail hub as well as Stockland Shopping Centre.
Key highlights of the site include:
- Mixed-use master plan site with partial DA approval
- Total site area of 21,480 sqm*
- DA Approved^ for 365 residential units, retail space & basement parking for 534 cars (Site C only)
- Proposed master plan for an additional 647 units plus retail and open space (STCA) (Sites A & B)
- Adjacent to Merrylands Railway Station and opposite Stockland Shopping Centre
- Benefits from an array of infrastructure growth within Western Sydney in an active town centre projected for substantial population growth
- Close proximity to major employment hubs including Parramatta CBD and Westmead Health Precinct in an active town centre projected for substantial population growth
This development opportunity is for sale via Expressions of Interest closing on Thursday 21st October 2021 at 4pm (AEDT). All Expressions of Interest are to be submitted in writing, in the approved form.
*Approx.
^subject to relevant substantial commencement provisions
For further information or a copy of the due diligence material please contact the Exclusive selling agents:
Jeff Moxham
Principal
Ray White Commercial - Metropolitan Sydney
0413 838 339
jmoxham@raywhite.com
Peter Vines
Managing Director
Ray White Commercial - Western Sydney
0449 857 100
peter.vines@raywhite.com
Ben Wicks
Director of Residential Development
CBRE North Sydney
0422 206 015
ben.wicks@cbre.com.au
Scott Gray-Spencer
Executive Managing Director
CBRE Sydney
0400 222 226
scott.gray-spencer@cbre.com.au
Samuel Hadgelias
Director
Ray White Commercial -Metropolitan Sydney
0403 254 675
shadgelias@raywhite.com
Victor Sheu
Director
Ray White Commercial - Western Sydney
0412 301 582
victor.sheu@raywhite.com
