Axis @ Sydney Olympic Park

Summary

Acquisition Date: 15 September 2009
Development Approval: Approved
Current Net Lettable Area: 4,667sqm
Proposed Net Lettable Area: 37,876sqm
Car Parking: 499 cars
Forecast Valuation: $198,000,000

 

The Area

Axis @ Sydney Olympic Park falls within the newly proposed Central Precinct of the Sydney Olympic Park MasterPlan 2030 which is the blueprint for the future development within the area. By 2030¹, the Park is expected to accommodate:
  • 1.4 million square metres of new construction
  • The precinct is expected to cater for a daily population of over 50,500 people
  • More than 31,500 extra jobs will be created
  • 6,000 new dwellings constructed to house approximately 14,000 residents
  • A population of up to 5,000 students, and
  • Approximately 10,000,000 visitors each year
In addition it will retain major event capability for up to 250,000 patrons and improved access to the precinct's 430 hectares of parklands making Sydney Olympic Park the premier destination for cultural, entertainment, recreation and sporting events.

For more information regarding the blueprint for the future of Sydney Olympic Park visit ¹ http://www.sopa.nsw.gov.au/__data/assets/pdf_file/0011/343838/MP2030_Flyer.pdf

The Property

Ideally located within 150m of Olympic Park railway station, AXIS @ Sydney Olympic Park is on the corner of Australia Avenue and Herb Elliot Avenue directly opposite the 56,000sqm Commonwealth Bank Australia complex and next to Eveready parent company Energizer Australia Pty Ltd.

The 12,022sqm site current accommodates a 4,667sqm combined office/warehouse building.

The site will be redeveloped into a mix of commercial and retail space ideally suited to accommodate surrounding businesses and residences.

A Major Project Application has been approved by the Department of Planning for stage one. This will consist of an eight storey commercial building consisting of over 22,000sqm, including 1,110sqm of retail space at ground floor level, commercial office on levels 1-7 overlooking a central courtyard, basement parking for 278 cars, 101 bicycle parking spaces and 26 motorcycle parking spaces.    

Visit www.axis-sop.com.au to view our 3D animation and for more information.

 

Contact our Development Managers today.