Rosebery Engine Yards: A Historic Revival Sparking Investment Opportunities in Sydney’s South East

Rosebery Engine Yards: A Historic Revival Sparking Investment Opportunities in Sydney’s South East

The Agency South East Sydney is thrilled to spotlight the upcoming Rosebery Engine Yards, a transformative development that’s set to redefine Rosebery’s commercial and cultural landscape. This heritage-listed building, with its rich industrial history, is being revitalized into a dynamic hub of retail and dining experiences, marking a new chapter in Rosebery’s evolution.

Reviving History

Located at 23-51 Mentmore Avenue, Rosebery, the Engine Yards is breathing new life into a long-vacant industrial site. This iconic building is undergoing a meticulous transformation that preserves its historical essence while embracing modern functionality.

Key features of the Rosebery Engine Yards include:
– 5,600 square meters of retail and dining space
– Preservation of original architectural elements
– State-of-the-art amenities blended with industrial aesthetics
– Ample parking and proximity to public transport

For detailed information, visit: https://www.roseberyengineyards.com/

A Culinary Destination

The Engine Yards has already attracted high-profile tenants, including the world-renowned Lune Croissanterie, which has chosen this venue for its Sydney headquarters. This addition solidifies Rosebery’s growing reputation as a gastronomic hotspot.

Other attractions will include:
– A curated mix of retail shops
– Artisanal food producers
– Gourmet restaurants and cafes
– Versatile event spaces

Explore the amenities: https://www.roseberyengineyards.com/the-space/amenities/

Rosebery: A Growing Investment Hotspot

The Engine Yards development is a testament to Rosebery’s rapid growth and investment potential. Recent data underscores the area’s attractiveness:

– Property Market Growth: According to Domain’s House Price Report (March Quarter 2023), Rosebery’s median house price has surged by 12.3% over the past year, reaching $2,135,000. The unit market has also seen a 3.2% increase, with the median unit price now at $885,000.

– Strong Rental Yields: As of May 2023, Rosebery offers gross rental yields of approximately 2.4% for houses and 3.6% for units.

– High Demand: Rosebery properties receive an average of 1,513 visits per listing on realestate.com.au, significantly higher than the NSW average of 1,143.

Source: Domain House Price Report, March Quarter 2023
https://www.domain.com.au/research/house-price-report/march-2023/

Source: realestate.com.au – Rosebery NSW 2018 investment data
https://www.realestate.com.au/neighbourhoods/rosebery-2018-nsw

Community Impact

The Engine Yards project is poised to have a significant positive impact on the local community:
– Job creation across retail, hospitality, and service sectors
– Increased foot traffic, benefiting existing local businesses
– A new community hub for events and socializing
– Preservation of local heritage, enhancing the area’s character

Rosebery’s Demographic Shift

Rosebery is attracting a younger, dynamic population:
– Median age of 33 years, lower than the Australian median of 38
– Growing population of young professionals and families
– Increasing demand for modern, urban living spaces

Investment Opportunities

For investors and homebuyers, Rosebery presents compelling opportunities:
– Potential for continued capital growth in residential properties
– Commercial investment prospects in a burgeoning retail and dining scene
– Strong rental yield potential in an increasingly popular area

Matt Lahood, CEO of The Agency, comments: “The Rosebery Engine Yards development exemplifies the area’s transformation. We’re witnessing unprecedented interest from investors and homebuyers who recognize Rosebery’s potential as a lifestyle and investment destination.”

Looking Ahead

As Rosebery continues its upward trajectory, developments like the Engine Yards will play a pivotal role in shaping its future. This project, with its blend of historical significance and modern amenities, embodies the exciting direction Rosebery is taking.

For those interested in exploring investment or housing opportunities in Rosebery, The Agency South East Sydney offers expert guidance and local market insights.

Contact The Agency South East Sydney:

Keywords: Rosebery Engine Yards, heritage-listed building, commercial space, retail, dining, Lune Croissanterie, investment opportunities, Rosebery real estate, The Agency South East Sydney, Sydney property market, urban renewal, community development

Architectural rendering of the revitalized Rosebery Engine Yards, showcasing the blend of historic industrial features with modern retail and dining spaces.