inghams to sell western sydney development site

inghams to sell western sydney development site

March 2017
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Inghams to sell western Sydney development site

Development site sales specialists Peter Vines & Frank Oliveri of CBRE have unveiled over 4.1 heactares of prime landholdings located at 60-168 Heath Road in Sydney's West, featuring scope for up to 80 residential properties.

The site owned by Ingham Enterprises, one of the largest producers of chicken and turkey products in Australia, will take a three-year leaseback over the site with an additional one-year option.

Peter Vines from CBRE said the site was strategically located between the cities of Liverpool and Campbelltown and within a surging growth precinct.

"It is governed by favourable R2 and R3 zoning controls, allowing for 55 residential blocks and 25 medium density dwellings subject to planning approvals," Peter said.

“The sale provides an opportunity to capitalise on the buoyant conditions in the south-west Sydney housing market."

“Leppington has been identified by the NSW Government as a South West Priority Growth Area and is integral to accommodating Sydney’s growing population. The site also benefits from its close proximity to the new Leppington train station and proposed Badgerys Creek airport.”

CBRE’s Frank Oliveri said residential subdivision sites are arguably the most sought after commodity in Western Sydney with very few currently available for sale.

“This opportunity will be particularly appealing, providing the chance to acquire a future residential development opportunity safeguarded by a short-term leaseback, which will help offset planning and holding costs,” he said.

Expressions of Interest close Wednesday 12 April, 2017.

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