Sydney property likely to generate strong interest due to residential, business or mixed-use prospects.
Ingredion is to sell 170 Epping Road, Lane Cove, 13 kilometres north-west of Sydney’s CBD, a functioning corn mill for 125 years which sits on the shores of the Lane Cove River.
Cushman & Wakefield’s Paul Fernandes and Orlando Maciel have been appointed to sell the property via an EOI campaign closing November 7.
At a glance:
The corn milling operations commenced in 1894 under the Chicago Starch Mills banner and over the course of 125 years have been operated by Starch Australasia, Clifford Love & Co, Goodman Fielder and currently, Ingredion who continues to operate the site to this day.
The site comprises of approximately 30,000 square metres which includes seven industrial warehouses offering 4,500 square metres of storage, distribution and undercover loading.
Located opposite the Northern entrance to the Lane Cove Tunnel and the beginning of the M2 motorway, the property is also just 1.3 kilometres from the newly opened Metro Line rail stop at North Ryde.
Surrounded by parkland, the property also enjoys approximately 350 metres of uninterrupted frontage to the Lane Cove River, with Magdala park directly opposite.
Subject to the necessary approvals, the site holds the potential for a change in permissible use or rezoning.
This would follow the former Shell/McDonalds site at 150 Epping Road which was redeveloped into a residential complex and completed in late 2016.
Cushman & Wakefield’s Paul Fernandes said the sale of 170 Epping Road presented a rare opportunity for investors or developers to secure over 29,000 square metres fronting the Lane Cove River with primary access to Sydney’s main arterial thoroughfares.
“We have already seen major residential developments in nearby locations that reaffirm, subject to planning approval, the potential to transform the large 170 Epping Road property into a business or mixed-use precinct in a unique location,” he said.
“This could add significant value to the site.”
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