Racehorse owner lists west Sydney stables

Warwick Farm Stables is being marketed as a mixed-use development site.

Racehorse owner Fred Peisah is selling Warwick Farm Stables with $3.5 million price hopes.

The listing comes three years since the Sydney-based ex-solicitor divested the Lomar Park Stud, near Macarthur, for $16m to JBHL Agricultural, a private company controlled by Jally Lin, the ex-chief executive of ASX listed developer Tian An.

That property was held for five decades.

Warwick Farm Stables has been owned for three.

Warwick Farm Stables

On 2042 square metres, 11 Manning Street is diagonally adjacent to the Warwick Farm train station, about 30 kilometres west of Sydney.

The facility is where trainer Billy Prain reared 31 thoroughbreds for Mr Peisah, including two time Melbourne Cup winner, Corey Brown.

The property presently contains a renovated three bedroom home, 16 stables and a feed room (story continues below).

It is being marketed for its development upside – the land is the subject of a rezoning to B4 Mixed Use, which would allow for 17 metre high structures.

CBRE’s Andrew Sukkar and Alex Mirzaian have the listing.

“Warwick Farm’s racing precinct will be revitalised over the coming years and play a key role in supporting the population growth that will follow the delivery of major infrastructure projects in the area,” the agents said.

“We’re expecting strong interest from speculative investors, owner occupiers and developers who can see the opportunities presented by the precinct rezoning”.

Last month, the state government announced it would tip in $1.15 billion to kickstart construction of a third Sydney city centre – Bradfield – about 19 kilometres west of Warwick Farm.

The Western Sydney International (Nancy Bird Walton) airport is under construction near there, due for completion in 2026.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.