158-164 Old Bathurst Road
- Details
- Written by: Teela Griffin Penrith City Council (02) 4732 7777 (02) 4732 7958 council@penrithcity.nsw.gov.au https://www.penrithcity.nsw.gov.au 601 High St Penrith NSW 2750 Australia
In 2021, Council’s decision to purchase the 158-164 Old Bathurst Road, Emu Plains site was driven by a desire to generate more local employment opportunities and to attract businesses to base their operations in Emu Plains.
Council’s vision for the site remains steady and will now return the land to market to enable industry to realise the site’s potential. Through our research for the Employment Land Strategy (2021) Council uncovered that zoned and serviced land of 5-10 hectares is in short supply in the Penrith Local Government Area. The sale of the site will fill this gap in the market and enable future industry-led development to build on the vision of the project through to delivery and help make a positive contribution to Penrith’s high-demand industrial sector.
The sale of the site forms part of Council’s strategic objective to reduce reliance on rateable income through the effective planning and management of City resources. The proceeds from the sale will be reinvested back into the Penrith community by allowing Council to continue to deliver high-quality services across the Penrith LGA and projects that will benefit our current and future generations.
Council has now appointed a Licenced Commercial Real Estate Agent to assist with the marketing and sale of the site.
MORE INFORMATION
For general information about the project, please email:
Why did Council buy 158-164 Old Bathurst Road?
Penrith City Council purchased 158-164 Old Bathurst Road to attract investment to our city, locate businesses close to home and stimulate the local economy.
The sale and future industry-led development of the site will build on the vision of the project through to delivery and help make a positive contribution to Penrith’s high-demand industrial sector.
Part of Council’s strategic objectives also includes the planning and management of City resources for current and future generations, by reducing Council’s reliance on rateable income. The proceeds from the sale will be reinvested back into the Penrith community by allowing Council to continue to deliver high-quality services across the Penrith LGA and projects that will benefit our current and future generations.
What are next steps?
Council’s next steps for the project are to return the land to market to enable industry to fully realise the potential of the site. Through a competitive tender process, Council has appointed CBRE and PRD Commercial Western Sydney as the licensed commercial real estate agents to facilitate the marketing and sale of 158-164 Old Bathurst Road, Emu Plains.