An office building 815 Pacific Highway in Chatswood for sale with a major redevelopment potential, not seen in Chatswood for over 10 years, is on the market for sale through Harry Bui Sophie Tieman Jon Chomley of Colliers International.
An office building with a major redevelopment opportunity, not seen in Chatswood for over 10 years,
Colliers are selling the 6,756 sqm 815 Pacific Highway in Chatswood; the gateway to the suburb’s commercial CBD, with unrivalled exposure.
Major redevelopment of the site, with the adjoining site, 15 Help Street, has been endorsed by the Willoughby City Council to proceed to a Gateway application through the Department of Planning.
The building has a diversified tenancy profile with obtainable rent reversion and is located on a prime corner with fantastic retail and transport amenity.
“815 presents an excellent opportunity to redevelop the building or continue the upgrading work that the owners have been undertaking since acquisition. The asset will have broad appeal to investors and developers,” said Jon Chomley, National Director, Capital Markets.
Harry Bui, National Director, Metro Sales said, “815 Pacific Highway represents an extraordinary investment opportunity to acquire an income producing asset in Chatswood CBD with value-add and redevelopment possibilities; including new Built-To-Rent redevelopment in accordance to the new Government initiative in February this year.”
Sophie Tieman, Senior Executive, Capital Markets said, “Chatswood has significant retail amenity with two subregional shopping centers, as well as transport investment, with the new northwest metro now open and southwest metro being completed in 2024. It is a market with real forecasted growth.”
815 Pacific Highway Chatswood is offered for sale via Expressions of Interest, closing 1 April 2021.
To request a copy of the Information Memorandum please email either of the marketing agents Harry Bui, Sophie Tieman, Jon Chomley, of Colliers International via the contact form below: