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- The ABC seeks to sell a 1.4-hectare industrial property on Sydney’s lower north shore that has been utilised as a manufacturing facility for the past 60 years
- The self-contained 14,000sqm television production complex has a total building area of 42,000sqm
- Knight Frank’s Angus Klem says the site will likely appeal to data centre providers, industrial developers and retail owner-occupiers and investors
- Data centre operators Next DC and Keppel DC, as well as Ausgrid, have recently purchased properties in the Artarmon region
The ABC is attempting to sell a 1.4-hectare industrial site on Sydney’s lower north shore, which has been used as a production facility for the past 60 years.
The self-contained television production complex at 2-8 Lanceley Place and 14 Campbell Street in Artarmon is known as Studio 26.
A sound stage, production offices, dressing rooms, wardrobe and laundry facilities are now available, as well as other support services such as a hair and makeup room, scenery runway, loading docks, and a multi-storey car park.
Multiple structures with a total construction area of 42,000sqm are spread over five lots on the 14,006sqm site, including industrial warehouses, office space and parking.
Knight Frank agents Scott Timbrell and Angus Klem will launch an expression of interest campaign to bring the asset to market, with the agents predicting a competitive sales process.
“This offering is a unique and rare opportunity for an incoming purchaser to acquire a very substantial site on Sydney’s prestigious lower north shore,” Mr Timbrell said.
“It’s not often that a site of this size in such a prime location would come up for sale, so we anticipate significant buyer interest.
“There is strong demand for quality assets in Sydney at the moment, and we are seeing increasing interest from investors and developers, with growing confidence in the market.”
Data centre operators Next DC and Keppel DC, as well as Ausgrid, have recently purchased properties in the Artarmon region, while other owners include Dexus, Telstra, and Mirvac.
Mr Klem said the Artarmon property could be redeveloped in a variety of ways, allowing a savvy buyer to maximise its potential.
“We expect to field enquiry from a wide range of buyers, with the site likely to appeal to data centre providers, industrial developers and retail owner-occupiers and investors,” he said.
“We believe one of the most appealing future uses for the site would be as a data centre facility, but it also has strong industrial upside.”
Under the Willoughby Local Environmental Plan, the subject land is designated General Industrial (IN1), with a maximum potential FSR of 1.5:1 (incl. bonus 0.5:1) and no maximum building height.
