A landmark retail site in Cabramatta has been sold to Warakirri College Limited, marking a significant transition for one of the precinct’s most tightly held commercial assets.
The property at 119-121 Cabramatta Road (pictured) has been home to the well-known Brescia Furniture business since 1961, when founder, Antonio Brescia, migrated from Italy and established what would become a leading retailer of premium imported Italian furnishings in Sydney.
The sale by Colliers agents Harry and Andrew Bui signals the end of a generational chapter and the beginning of a new community-focused use with a development application already approved by Fairfield City Council for conversion of the site into a secondary school. The project has an estimated capital investment value of $11.3 million.
Positioned just 200 metres from Cabramatta railway station, the substantial mixed-use building spans approximately 3,882 sqm of gross lettable area on a 1,699 sqm site located within one of South West Sydney’s most active and tightly held retail precincts.
“It has been a privilege to represent the Brescia family on the sale of this iconic property after more than six decades of ownership. We were able to secure the right buyer in Warakirri College, whose vision for the site aligns strongly with the future needs of the Cabramatta community. The transition from a long-standing retail use to an education facility is a significant and positive outcome for the area. This sale is also one of the largest commercial transactions in Cabramatta’s history,” said Harry Bui, Director in Charge | Sydney West at Colliers.
Warakirri College is an independent school for young people 15-22 who have disconnected from mainstream education pathways. The College is focused on delivering an inclusive and supportive learning environment with a strong emphasis on student wellbeing, engagement and post school progression to University, TAFE or Employment.
“Warakirri College is excited to be working with Fairfield Council to support young people seeking a positive future through reconnecting with their education. We want our students to learn about the values of courage, resilience and contribution which characterise the Brescia Family and others like them who have built this community,” said Principal, Carolyn Blanden.
