One of Macquarie Park’s most notable landholdings is set to be transformed after coming to market through Colliers. 

The 15,198sqm site at 44-50 Waterloo Road, currently a business park, boasts strong zoning upside permitting a prominent build-to-rent development as well as purpose-built student accommodation, providing the incoming purchaser a rare opportunity in a highly sought-after location.

The Colliers team of Guillaume Volz, Trent Gallagher, Adam Woodward and James Mitchell have been exclusively appointed, with price expectations north of $100 million. 

“The Sydney BTR supply continues to lag others national markets, with the sector having difficulty finding feasible sites en masse, principally due to the high land values and the strong competition from traditional build-to-sell projects,” Mr Volz said. “44-50 Waterloo Road offers the BTR sector an opportunity to acquire a site specifically targeted at institutional BTR operators, in an area with a strong demographic that will support the take up of the high-level apartment living.” 

“This landmark development site represents the first build-to-rent opportunity of significant scale to be officially offered to the market for sale within the Macquarie Park precinct. The site’s corner location, three street frontages and immediate access to rail will make it highly sought after by many astute developers,” Mr Gallagher said. 

Noted as a key site in the Macquarie Park rezoning precinct, the property comes with a proposed FSR of 4:1 and 110m height limit (STCA), while also maintaining a substantial existing gross rental holding income of approximately $3.48 million per annum. 

Sydney’s housing market supply problems are widely reported, with a growing population and high rental growth exacerbating this issue. In 2023, NSW produced approximately six homes per 1000 people, fewer than both Victoria and QLD. 

Macquarie Park has benefitted from recent urban renewal with investment in infrastructure, such as the upgrade to the Macquarie Park Metro line, which has linked the precinct to the wider Sydney region. 

This investment alongside the growing demand for accommodation close to employment centres and major transport corridors has transformed the precinct into one of the most sought-after areas for residents in Sydney.

A 100 per cent interest in 44-50 Waterloo Road is being offered for sale via an International Expressions of Interest campaign closing on the 3rd of July, 2024. 
 

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