- Green community development breaks ground in Cobbity
- Mixed development site for sale in Liverpool CBD
- Bouthern highlands sand quarry resource is for sale
- Bowrals Links House Hotel has sold for $6M
With the growing level of infrastructure development in Western Sydney, such as airport, rail and road infrastructure, new developments in the region and further south in the Southern Highlands, are perfectly positioned to capture flourishing commercial and residential activity.
IN DEVELOPMENT
MIRVAC BREAKS GROUND AT 80-HECTARE COMMUNITY IN COBBITTY
Mirvac has turned the first sod of its newest masterplanned community in New South Wales, located adjacent to the historic township of Cobbitty in Camden. With an estimated completion value of $648 million, Cobbitty by Mirvac will deliver a new all electric community of 900 homes and create more than 4,000 local jobs during construction.
The new community, officially opened by New South Wales Minister for Planning and Minister for Homes Anthony Roberts, is proposed to feature a playing field and village green, town centre, a lake and a range of parks and landscaped open spaces.
Nature will also take centre stage with existing wetland corridors to be restored as a safe haven for native flora and fauna; and extensive networks of walking trails and cycleways planned to promote connectivity and connection to nature through the neighbourhood.
Mirvac’s Head of Residential, Stuart Penklis, said Camden is one of the most popular growth areas of Sydney but supply is limited.
All residents will have access to electric living giving them the ability to charge vehicles or use lower energy appliances like induction cooktops, and offset their electricity costs with solar power, providing significant potential savings.
FOR SALE
Major interest expected in significant Liverpool mixed development site
With over 49,425sqm of DA approved GFA, Macquarie Place is primed for both a residential and commercial development.
Located in a gateway position to the Liverpool CBD and situated amongst the city’s tallest towers, ‘Macquarie Place’ at 431 Macquarie Street is primed to be transformed by a developer.
With B4 Mixed-Use zoning which will allow for both residential and commercial developments, the property is on a 5,421sqm block of land and has an existing income of circa $300,000 per annum.
The Colliers team of Thomas Mosca, Nick Estephen, Frank Oliveri and Harry Bui have the exclusive listing on behalf of Butterfly Developments Pty Limited, with a price guide of $35 million.
“In light of Sydney’s predicted undersupply of residential apartments, and with Australia’s migration levels set to increase to 235,000 in 2022-23, this makes now the time to be acquiring quality development sites like this one which can capitalise on the coming increase in demand. Being the closest CBD to the rapidly forming Western Sydney Airport, Macquarie Place is in a key position to take advantage of Liverpool’s future,” Mr Mosca said.
431 Macquarie Street in Liverpool is for sale via an Expressions of Interest campaign closing Thursday March 2nd, 2023 at 2pm (AEDT).
Sutton Forest sand quarry offers significant potential in material supply sector
A unique opportunity to secure a large sand and spring water resource on Sydney’s doorstep has been listed for sale by Expression of Interest, through national property firm LAWD, in conjunction with Highlands Rural Real Estate in Bundanoon.
Wandoo, located in Sutton Forest in the New South Wales Southern Highlands, is an operating sand quarry currently producing Yellow Brickies Sand, with a large customer base including landscape yards, concrete batching plants and brick manufacturers.
LAWD Senior Director, Col Medway, said the 61.4 hectare property offered a unique opportunity for investors, and is expected to sell for upwards of $15 million. “Wandoo offers significant development prospects and is expected to attract strong interest from parties in search of opportunities to grow, or diversify, into the material supply sector,”
Mr Medway said. “The quarry operation has been independently surveyed with an estimated 27.7 million tonnes of resource with strong prospects to increase annual extraction rates.
“With the growing level of infrastructure development in Western Sydney, such as airport, rail and road infrastructure, this asset is in a prime position to satisfy the insatiable demand for building materials.”
The new owners will benefit from additional passive income generated from a licenced spring water bore and purification plant with a long-term offtake contract. The property is also well appointed with a comfortable residence, machinery shed and workshop with grazing land.
Expressions of Interest close on Thursday, 9 March 2023 at 11am (AEDT). For more information, contact LAWD.
SOLD
Prestigious Bowral hotel sells as drive tourism booms
A Sydney-based investment group has paid circa $6,000,000 for Bowral’s landmark Links House Hotel amid an ongoing boom in the domestic drive tourism market.
The freehold going concern interest in the Southern Highlands’ hotel was sold after an Expressions of Interest campaign conducted by CBRE Hotels’ Hayley Manvell and Raymond Tran.
Multiple investment groups, owner operators and high net worth individuals pursued the asset when it went to market underpinned by the strength in the drive tourism market.
Links House is situated on a large 5,321sqm land parcel adjacent to Bowral Golf Club and a 90-minute drive south-west from Sydney.
Originally constructed in 1928, the hotel features 17 guest rooms of various configurations as well as a fine dining restaurant and versatile event facilities capable of hosting weddings, functions, conferences and retreats.
“Due to the tightly held nature of Bowral and Southern Highlands’ accommodation assets, the campaign generated significant interest from a multitude of investment groups, owner operators and high net worth individuals,” Ms Manvell said.
“Bowral is one of the most scenic and popular regional tourism destinations in the country and benefits significantly from its location at the geographic halfway point between Sydney and Canberra. The Southern Highlands region has benefitted from ongoing growth in domestic tourism, which has underpinned interest in quality accommodation assets offering a robust trading outlook and strong capital appreciation potential.”
The deal is the latest in a series of regional accommodation transactions.
Ms Manvell noted, “Many Australians are still opting to explore their own back yard. This, coupled with a continued recovery in international visitor numbers, is expected to drive strong ongoing investor interest in these types of assets through 2023.”
