Stonebridge Property Group has been appointed to sell a major town centre development site located at 1 Kellicar Road, Macathur.
The B4 Mixed-Use zoned site occupies an expansive 2.55-hectare landholding and provides scope for more than 80,000 sqm of Gross Floor Area via either of two alternate planning pathways.
The property is earmarked as the first stage of a broader 7-hectare planning proposal known as ‘The Kellicar Road Precinct’. The property also benefits from flexible existing controls with no limit on Floor Space Ratio.
The site is positioned in a booming Greater Western Sydney location adjoining Campbelltown CBD, in a renowned health, research and education precinct, in close proximity to Western Sydney University, TAFE NSW and Campbelltown Public and Private Hospitals. Future development of the Precinct will strengthen the regions importance as an education, health, and research powerhouse. In addition, the site is just metres away from Macarthur train station which is earmarked to be the connection point for the North-South Rail Link through to the new international airport at Badgerys’s creek.
The site has a robust income stream from a former 13,805 sqm Bunnings Warehouse, which has been recently converted to provide two short term tenancies. One tenant currently occupies the property while the second tenancy has interest at an advanced stage.
Lincoln Blackledge of Stonebridge said, “Identified by the State Government as one of the six key nodes of Greater Sydney, the Macarthur-Campbelltown CBD cluster is the sleeping giant of Sydney’s next phase of growth. The precinct will benefit hugely from the new international airport but not be solely reliant on it, due to the vast amount of infrastructure and amenity already in place”.
Philip Gartland of Stonebridge said “The opportunity for place-making developers to wield their skills for the betterment of Sydney is palpable. The substantial land-holding and locational attributes, combined with the flexible planning controls, present a clear path for developers to create an aspirational mixed-use community for the post-pandemic era”.
1 Kellicar Road Macarthur is for sale by Expressions of Interest closing Wednesday 9th March 2022.
For further details, please contact the exclusive selling agents:
Lincoln Blackledge | +61 408 780 772 | email@example.com
Philip Gartland | +61 403 582 324 | firstname.lastname@example.org