One of the largest commercial properties in the heart of Lane Cove Village has been placed on the market.
At a Glance
- Lane Cove Central at 56–60 Burns Bay Road, the retail centre anchored by Harris Farm Markets, is for sale as one complete freehold property.
- Harris Farm is a tenant, not the owner. The supermarket is not being sold and there is no indication it is closing.
- The offering covers a 2,935sqm site, about 2,909sqm of retail floor space and 103 car spaces.
- Savills is running an Expressions of Interest campaign closing at midday on Wednesday 16 September 2026. No price guide has been publicly disclosed.
- The site was approved in 2019 for a mixed-use redevelopment with 22 apartments, which the developer later abandoned in favour of refurbishing the existing centre.
- This is the centre’s second public sales campaign in roughly 18 months, after a Colliers campaign closed in April 2025 with no publicly announced sale.
Lane Cove Central, the Burns Bay Road retail centre anchored by Harris Farm Markets, is being offered for sale as one complete freehold property.
Before anyone panics, Harris Farm is a tenant, not the owner. The supermarket is not being sold and there is nothing in the campaign to suggest it is closing.
What is changing hands is the building and the land beneath it, including almost 3,000sqm of retail space and more than 100 car spaces.
What exactly is for sale?
The property at 56–60 Burns Bay Road includes:
- A 2,935sqm freehold site
- Approximately 2,909sqm of retail floor space
- 103 onsite car spaces
- Harris Farm Markets’ largest Sydney store
- Five essential-service specialty tenants
- A substantially refurbished retail centre in the middle of Lane Cove Village
Harris Farm occupies approximately 2,045sqm of the centre.
Savills says approximately $10 million was invested in improvements to the property as part of its extensive refurbishment.
The property is being sold through an Expressions of Interest campaign closing at midday on Wednesday 16 September 2026.
No price guide has been publicly disclosed.
Savills agents Steven Lerche, Andy Hu and Joe Maloney are handling the campaign.
Is Harris Farm leaving Lane Cove?
There is no indication that Harris Farm is going anywhere.
Harris Farm leases its store from the property owner. A sale of the centre would generally mean a change of landlord, rather than a change to the businesses operating inside it.
When Lane Cove Central was previously marketed for sale in March 2025, that campaign described the property as 100 per cent leased and reported a weighted average lease expiry of 5.85 years across the centre.
That figure applied to the combined leases and did not disclose the expiry date of the individual Harris Farm lease.
The current campaign is marketing the property to investors as an income-producing retail asset with built-in annual rental growth.
From the old Coles to Lane Cove Central
For long-time locals, this will always be the old Coles site.
In August 2018, Sun Property lodged an ambitious development application for the property.
The original proposal involved demolishing the existing complex and creating a mixed-use development incorporating a supermarket, specialty shops, a restaurant, business premises, a community facility and 22 apartments, including five Small Office Home Office apartments.
The proposal also involved acquiring Lane Cove Council’s adjoining car park and incorporating it into the development through a Voluntary Planning Agreement. In return, the developer was to provide public parking and construct the shell of a new community space.
The Sydney North Planning Panel approved the redevelopment in October 2019.
At that stage, the plans included three levels of basement parking, 99 public car spaces, improvements to Sera Street and a possible performing arts or community space.
No supermarket tenant had been officially announced. However, In the Cove reported that there was a “hot rumour” Harris Farm Markets might move in.
That rumour turned out to be correct, although the development ultimately delivered was very different from the one originally approved.
Developer abandons original redevelopment
In September 2020, Sun Property lodged a new and considerably less ambitious proposal.
Instead of demolishing the complex and constructing a new mixed-use development, the developer decided to retain and extensively refurbish the existing building.
The revised proposal included space for a supermarket, liquor store, medical premises and food and drink businesses.
It also included a new shopfront, roof and awning, internal layout changes and the installation of travelators, a lift and stairs connecting the retail levels with the car park.
The apartments, new community facility, expanded public parking and proposed Sera Street improvements were no longer part of the project.
Once again, In the Cove reported that Harris Farm was rumoured to be interested in the site, although the company had not confirmed its plans at that stage.
Harris Farm finally arrives
Harris Farm Markets opened its Lane Cove store on 8 September 2022.
At the time, In the Cove described it as the most anticipated store opening in our first ten years.
The Lane Cove location became Harris Farm’s largest Sydney store, complete with more than 500 cheeses, specialty concession partners, a fishmonger, butcher, hot-food counter, juice bar and even a pour-your-own section.
The opening day also delivered a little Lane Cove drama, with the centre losing power shortly after 10am. A water outage followed later that week.
Sun Property completed the refurbishment in 2022 and says it sold Lane Cove Central in 2023.
Back on the market
Lane Cove Central was publicly offered for sale through Colliers in early 2025, with that Expressions of Interest campaign closing in April.
No subsequent sale was publicly announced.
The centre has now returned to the market through Savills, making this its second public sales campaign in approximately 18 months.
Why is the property significant?
This is not simply one shop changing hands.
It is a substantial freehold landholding occupying a prominent position within Lane Cove’s main retail precinct. The buyer would acquire the retail centre and receive the rental income generated by Harris Farm and the specialty tenants.
The previous 2025 sales campaign also highlighted the site’s potential flexibility for long-term mixed-use development.
That does not mean another redevelopment is currently proposed or approved. Any future plans would need to account for existing leases and go through the relevant planning process.
What does the sale mean for locals?
In the short term, probably very little.
Customers are unlikely to notice any difference at the checkout and the businesses inside the centre would continue operating under their leases. The most immediate change would simply be the identity of the landlord collecting the rent.
The final sale result will still be significant. It will reveal what investors believe one of Lane Cove Village’s largest commercial properties is now worth.
In the Cove will report the sale result when it is confirmed.
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