Developers looking for a foothold in a tightly held location have the opportunity to partner with ALDI on Sydney’s Upper North Shore.

The 2,357 square metre site at 810-818 Pacific Highway in Gordon comes with DA approval for 55 apartments, a new ALDI supermarket and other commercial components. The opportunity offered allows the incoming purchaser to partner with ALDI by way of a capital efficient joint venture, allowing a unique proposal.

The Colliers team of Guillaume Volz, Eugene White and Daniel McMahon have the exclusive listing on behalf of ALDI.

“This is a fantastic and rare opportunity to partner with ALDI to deliver a high-quality development approved site alongside an internationally renowned brand,” Volz said.

“The site is expected to be of major interest to developers in the Upper North Shore given the new planning controls that were recently announced by the NSW Government,” McMahon added.

“New dwelling supply in the Upper North Shore has been limited in recent years, especially within key strategic locations such as Gordon with major retail centres and close to prestigious schools,” White commented.

Located within the shopping precinct and adjacent to the neighbouring Gordon Centre, the location will appeal to a broad range of future residents. The site is also near prestigious schools such as Ravenswood School for Girls and Pymble Ladies College.

The approved DA includes seven residential levels, an ‘at grade’ supermarket to the Pacific Highway frontage, a lower ground loading dock and three basement parking levels, with a total saleable area of 4,589 square metres for the 55 residential apartments.

810-818 Pacific Highway is for sale via an Expressions of Interest campaign, closing on Wednesday 20 March, 2024.