Badgerys Creek site sets record
Neighbouring blocks on what will be the doorstep of the recently announced Bradfield CBD – Sydney’s third city centre – have sold for $15.25 million.
The deal with an investor for 180 and 190 Badgerys Creek Road, Bringelly, is the priciest to take place on the street.
Fifteen offers were received following an expressions of interest campaign managed by Colliers’ Nick Estephen and Thomas Mosca.
The 6.1 hectare property will benefit from a road leading into the master-planned Bradfield, they added.
It is also a couple of kilometres from Western Sydney International (Nancy Bird Walton) airport, due for completion in 2026.
180 and 190 Badgerys Creek Road
Enquiry for 180 and 190 Badgerys Creek Road came from local and international developers and land bankers, the agents said; depending on the precinct plan, it is now expected to make way for a distribution centre or bulky goods/warehouse project.
“The [site] received substantial interest primarily due to the announcement of Bradfield City being across the road and business owners looking to align their future with the growth occurring in the region,” Mr Estephen added.
“We are seeing interest picking up in the region as we grow closer to the airport opening,” Mr Mosca added.
“Each new government announcement adds more fuel to the fire and makes the choice to invest around Australia’s most exciting infrastructure even more apparent” (story continues below).
Western Sydney International (Nancy Bird Walton) airport
The concept design for the $5.3 billion airport – named after the founder of the Australian Womens Pilots’ Association – was released in late May.
Set to transport up to 10 million passengers per year, and cargo, the project will be funded by the federal government.
On 1780ha, it will connect to Sydney’s metropolitan rail network via a 23km link.
A bus terminal is also planned, as is a taxi rank.
Multiplex, as part of a team with Woods Bagot, Arup and aviation consultant Airbiz, will deliver it.
The precinct is about 50kms west of the CBD.
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