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News release

SYDNEY

Family-owned Brookvale property offered to market for first time in 60 years

Sale of 4,345sqm Pittwater Road site presents opportunity to acquire strong suburban landholding


​A property on Sydney’s Northern Beaches is being brought to market for the first time in over 60 years by JLL on behalf of the owner, Bill Ebsary. The vacant property, located at 628 Pittwater Road in the suburb of Brookvale, measures approximately 4,345sqm. It is being offered via an Expressions of Interest campaign by JLL’s David Mathews and Gary Mason. The property has been held by the Ebsary family since 1954 – it being the family-owned engineering business Ebsray Pumps’ Head Office, design and manufacturing facility throughout that period, and from which it supplied its locally manufactured niche market pumps to both the local Australian and many international markets – today exporting to more than 35 countries worldwide.

It was in the same Brookvale premises that in the late 1950s and 1960s, Viv Ebsary AM, the founder of the industrial pump business, developed pioneering and creative specialised medical equipment including the first Australian designed and locally manufactured Heart-Lung machines for open heart surgery – for use in many major hospitals throughout Australia and New Zealand.

Recently, Ebsray Pumps was acquired by a globally based US pump group, and the pump business has been relocated to larger premises in nearby Cromer. The site at 628 Pittwater Road is situated opposite Westfield Warringah Mall and offers B5 Zoning which allows for possible uses including bulky goods premises, child care centres, hotels/motels, self-storage units and vehicle sales or hire premises.

JLL Director, Sales and Investments – NSW, David Mathews said the property was well positioned to generate market interest. “Opportunities of this nature are currently limited in the Brookvale market and we are pleased to be offering this unique property for sale. The B5 zoning and the size of the site create a strong value proposition for developers, investors and occupiers looking to capitalise on the property. It also offers a potential value uplift in the future as a result of updated planning controls,” he said.

JLL Senior Executive, Sales and Investments – NSW, Gary Mason said, “This property presents an opportunity for a diverse purchaser portfolio to acquire a strong suburban landholding within a tightly held market.
The high-exposure location provides a competitive advantage to the potential buyer.”

JLL will be offering the property for sale from Thursday, 6 August 2015 via an Expressions of Interest campaign, closing Wednesday 9 September 2015.