Region. Speculative development

Speculative development has slowly started to return to Western Sydney, according to Colliers International’s Sydney Industrial Research and Forecast Report, for the first half of 2011. DEXUS, Australand and Goodman are all looking to take advantage of the lack of prime-grade space.

Office block for sale

The prominently located six-level office block with frontages to Macquarie, Charles and Union streets, in the eastern part of the Parramatta CBD, is for sale, through Colliers International. The estimated potential net income when fully leased is $1.4 million. The total site area is 2230 square metres with a net lettable area of 5392 square metres. Parking for 164 cars.