JQZ has sold a 1.1 hectare piece of Kogarah’s former Darrell Lea factory for $15 million to another builder.
The jagged rectangle shaped site, 152-206 Rocky Point Road, 15 kilometres south of the Sydney CBD, includes a modern four storey c2000 square metre office which the incoming owner intends to occupy.
It also contains tracts north and south which, over time, will make way for commercial projects.
On one parcel, a tower of more than 10 storeys could be considered.
Colliers International’s Trent Gallagher and Matthew Meynell said the incoming owner will relocate from the Alexandria precinct, about 10 kilometres closer to the city than 152-206 Rocky Point Rd (story continues below).
The confectionary company occupied the 3.3 hectare Kogarah property from 1962 until 2014, when production was relocated to Ingleburn. JQZ paid the Lea family a reported $80m for it two years later.
In 2018 the land was branded Ramsgate Park, as part of a master-planned mixed-use project which was to have contained about 20,070 sqm of office space. Two thirds has since made way for 18 townhouses and four buildings, between 11-13 storeys, containing about 534 apartments, off a new street, Garrigarrang Avenue.