Gladesville Development Site Sold for $1.75 Million
A high profile location at Gladesville in Sydney’s inner north-west has been sold by Ray White Commercial Inner West for $1.75 million.
The approximately 1,260 sqm property at 445-447 Victoria Road, Gladesville, was sold to a local owner-occupier by Ray White Commercial Inner West Principal Tim Morrison on behalf of Traditional Studies Group.
Tim Morrison said the currently vacant site has a high profile location on Victoria Rd and is zoned light industrial.
“We had strong interest in this site which offers a significant redevelopment opportunity subject to the relevant approvals,” he said.
“The buyer plans to occupy the site for relocating their existing Gladesville business.”
Gladesville is approximately 10km north-west of the Sydney CBD and is serviced by a commercial precinct centred on Victoria Rd, the suburb’s main thoroughfare.