- Colliers has announce the sale of a 16.5 acre parcel of land in Luddenham
- The property has not been sold for 152 years
- The site is located in the heart of what will become the Western Sydney Aerotropolis
After more than 150 years of being passed through generations in the same family, a 16.5 acre parcel of land has been sold via an Expressions of Interest campaign.
The property is adjacent to the Western Sydney International Airport and Experience Centre opening in 2026, making it a key part of the Western Sydney Aerotropolis.
The sale of 70 Eaton Road, Luddenham was managed by Colliers having entered the market late last year.
It was sold by the Eaton family who have a rich history in the area history tracing back to the 1800s. They have had the road named after the family as they played a key role in the development of Luddenham over the years.
Previous owner Mrs Valerie Eaton decided to sell the property as the site becomes a key location in the Aerotropolis.
“It is now time for the changing of the guard,” Mrs Eaton said.
Colliers agents Nick Estephen and Thomas Mosca of Colliers, are responsible for the transaction of the 16.5-acre parcel of land.
“We are continuing to see demand for the area grow as we get closer to the new airport opening in 2026,” Mr Estephen said.
“Investors are realising the earlier they get in, the more they are likely to benefit in the future,” he said.
With the area earmarked for development, the property is amoung a number of sites that were rezoned by the NSW government in October 2020. The rezoning was met with some concern from landowners and resulted in an Independent Community Commissioner’s report.
The new Agribusiness ‘AGB’ zone opens land to use by a variety of businesses including Integrated Logistics Hub; Agriport; Integrated Intensive Production Hub; Australia Centre of Excellence Food Innovation; Fresh Product and Value Added Food Pharma Hub.
“The new AGB rezoning means highly sought after land is now available for agribusiness hubs, providing an extraordinary opportunity to invest in super-prime landholdings with direct access to the International Airport, Experience Centre and The Western Sydney Aerotropolis.” Mr Mosca said.
The investment will see basic infrastructure across the 114 hectares developed over a four-year period to attract private investment from major manufacturing and engineering firms. Bradfield will also house a metro station and be the epicentre of the Aerotropolis Core.
Although the sale price for 70 Easont Road has not been released, last year 10-hectare property also located within the Western Sydney ‘Aerotropolis area’ sold for over $30 million in a deal negotiated by Knight Frank.