Expansive Hume Highway lot going to market

A high-exposure, 17,280sqm landholding on the Hume Highway in Sydney’s rapidly-evolving South-West has been listed for sale.

Currently the home of New Age Caravans and Sugarcane Australia, 260-266 Hume Highway in Lansvale is just minutes from Warwick Farm Racecourse, Cabramatta and Liverpool. 

The home of car dealerships for roughly 50 years, including Lansvale Holden for two decades through to 2018, the site is passed by approximately 50,000 vehicles daily, occupies a 156sqm frontage and has multiple access points. 

Spanning 4,095sqm, existing improvements at the site include warehouse, workshop, showroom and office space.

The New Age Caravans and Sugarcane Australia tenancies run through to the end of the year, and return a combined gross income of approximately $700,000 plus GST.

CBRE’s Keegan Ridings and Tom Rourke have been appointed to manage the sale campaign on behalf of Rhaeto Pty Ltd, which has owned the site for more than two decades.

“With the ongoing maturing of the Warwick Farm Racecourse precinct and the Liverpool CBD, combined with the upcoming lease expiries, the site offers significant potential,” Mr Ridings said.

Mr Rourke added: “We’re expecting strong interest from investors and occupiers, given the property’s high-quality improvements. The property’s flexible B5 zoning also lends itself to redevelopment and land banking possibilities.”

For Australian/international news or global stories, follow us on Twitter: @cbreaustralia