Are you looking to expand your commercial property investment portfolio, but are uncertain of the best place to do so? Business parks are worth considering, and are undergoing development and ongoing expansion right across the country. When it comes to commercial real estate in Sydney, the Sydney Business Park and Norwest Business Park both offer exciting opportunities for investors in the city’s north-west.
Sydney Business Park
Located at the gateway to Sydney’s thriving north-west, the Sydney Business Park at Marsden Park is a new generation development with cutting edge amenities, design, and environmental sustainability measures. It offers exciting prospects for property investors, with a range of lot sizes available, ranging from 2,000 square metres up to 20 hectares. A variety of office space, large format retail, and industrial space is available. With this kind of flexibility, businesses have the opportunity to locate their manufacturing, distribution, retail, and office space all in the one location – great news for those looking to invest.
There are big plans for this area, with the NSW Government already commencing work on the North West Rail Link. The Sydney Business Park will be serviced by Rouse Hill Station, and in the future a proposed new station located in Marsden Park. There has also been confirmation of a number of major tenants for the park, including Ikea, Costco, Shell, McDonalds and Bunnings Warehouse – which will build the largest Bunnings store in Australia at the park.
Norwest Business Park
Located in the Sydney Hills District, the Norwest Business Park is a growing business hub. It already provides employment opportunities for 20,000 people, with this figure expected to reach 35,000 over the coming years as the park continues to expand, attracting new businesses and investors. Since its inception, the Norwest Business Park has developed into a self-sufficient community, which is now home to:
- – The Hills Private Hospital
- – Two major shopping centres, anchored by supermarkets Coles and Woolworths
- – A post office
- – Banks
- – Childcare Centres
- – Restaurants, cafes and bars
- – Lakes and recreational facilities
In response to the strong growth of this area, three major infrastructure projects are currently being undertaken to help service this thriving community:
- – The North West Rail Link will include two stations servicing Norwest Business Park
- – The upgrade of the M2 motorway
- – The upgrade of the Windsor Road entry to the business park
With such rapid expansion, there is no doubt that now is a good time to consider investing in a Sydney business park. Investors would be wise to speak to one of our experienced property consultants.
We can not only help you build your commercial investment property portfolio, but the team at Burgess Rawson can also manage your property to ensure it is well maintained and brings you a reliable income into the future.