NEWS

Compressing supply, tightly held, minimal market activity in Chatswood

Suite 2 / 11 Railway Street Chatswood to hit the market.

Located 10km north of the Sydney CBD, Chatswood is a dynamic mixed-use centre with an abundance of retail, residential and commercial offices.

Chatswood is one of the largest retail centres in the Sydney region outside of the CBD. There has been extensive refurbishment to Chatswood Mall, the Transport Interchange and most recently the $125 million redevelopment of Westfield Chatswood.

The suburb is also identified as a crucial strategic epicentre within Sydney’s Global Economic Corridor and the importance of Chatswood to NSW’s economy is recognised in the NSW Department of Planning’s Metropolitan Strategy (A Plan for Growing Sydney 2014).

However, according to Jordan Lee of Colliers International, in a market where supply for premium strata properties to purchase has become extremely limited, investors are scrambling to find opportunities to invest and occupy.

“Chatswood has seen significant supply shortages with large mixed use redevelopments such as The Chatswood by Toga, Chatswood Place by Platino Properties, stripping away commercial properties”.

According to Patrick Yi of Colliers International, an impeccable 194sqm ultra-modern ground floor office at 11 Railway Street Chatswood is set to come to market by way of public auction, through Colliers International, as demand continues to reach new heights. 

“11 Railway Street is well positioned with street frontage and an extensive fit out in place, located in the Altura building by Mirvac. The property also offers 19 staff workstations, three large private offices, a spacious meeting room, a large boardroom, great storage, three car spaces and a kitchen with breakout area.”

The vendor is Min Li Pty Ltd c/ Sandra Li, a self-established businesswoman specialising as an immigration attorney. Mr Yi said the business has been so successful, that Sandra and her team are now looking to relocate to the CBD for the convenience of her international clients traveling from the airport.

Chatswood is part of the revolutionary $12 billion Sydney Metro rail project and multiple residential developments which will be creating further retail hubs and overall likeability of the already popular prestigious North Shore suburb.

The Chatswood Interchange is set to serve 50,000 commuters per day by 2021. This will mean that Chatswood will offer direct links to Central Coast, North and West, providing increased population catchment and traffic to the area, sparking growth in all sectors of businesses and property values.

The property is being offered for sale by way of public Auction on Thursday 24th November 2016. For inspections please contact Colliers International Patrick Yi 0425 314 892 or Jordan Lee 0435 967 245.

11 Railway Street Chatswood



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