A Badgerys Creek poultry farm has sold for $14.5 million – or $366 per square metre, breaking a two year old suburb record for raw unserviced land.
The Barba and Putrino families, also in the food industry, are the buyers.
The 3.96 hectare site at 205 Lawson Road, not far from Western Sydney International Airport, which is under construction, is set for a mixed-use commercial project.
CBRE’s Elijah Shakir, Andrew Sukkar, Fabio Screpis said the property is the first to sell since the New South Wales government this month gazetted five priority precincts to capitalise on the airport.
These zones are earmarked for employment, residential and environmental uses (story continues below).
Of the 205 Lawson Rd deal, Mr Sukkar added it “sets a new benchmark for the Badgerys Creek precinct, representing a 28 per cent uplift on the previous record set two years ago (for 10 Martin Rd, Badgerys Creek) when the Aerotropolis precinct maps were first issued”.
Both properties would benefit from the proposed North-South West Rail, M12 Motorway and M9 Orbital, according to the agents.
Last month another owner occupier paid $5.4m, 15pc over reserve, for a 2.3ha Badgerys Creek site at 100 Martin Rd.