Prime Sydney development site for sale
Prime Sydney development site for sale
Posted on Tuesday, March 25 2014 at 3:46 PM
The New South Wales Government is calling for expressions of interest from developers on a four-hectare parcel of commercial land.
The
property at 45 to 61 Waterloo Road, Macquarie Park is situated around 13 kilometres
northwest of the CBD and is considered excess to the governments needs.
Andrew
Constance, NSW Minister for Finance and Services, says government resources should
be redirected elsewhere.
“This
site on Waterloo Road, which is currently managed by Government Property NSW,
has been identified as surplus to government’s requirements and we’re looking
for developers who could make better use of the site.
“Should
the sale go ahead, proceeds will be redirected back to providing essential
services, like education, health or transport for the people of NSW.”
The
State Government says the site is conveniently located opposite Macquarie Park
train station on Waterloo Road, within a short walk to Macquarie Shopping
Centre and is only three blocks from the M2 motorway.
The
property’s sale is part of a larger program of reducing non-performing assets.
“The
NSW Government owns a significant amount of land and we need to be smarter
about how we maximise value for taxpayers and only own assets that support the
delivery of frontline services.”
Constance
says the establishment of the Property Asset Utilisation Taskforce in November
2011 has resulted in a new approach to managing state-owned property.
“This
has made it easier to identify and divest underutilised or surplus properties
and assets, delivering greater efficiencies and savings to government,” he
says.
In
the next 18 months the state’s property agency, Government Property NSW, will
be stepping up activities to identify surplus and underutilised land and work
with government agencies to ensure state-owned land is used more effectively.”
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