Box Hill site fetches $200m from developer
The McCall Community Gardens Foundation has sold 30.9 hectares around its historic Box Hill House.
The north west Sydney growth corridor land is being purchased by WST Property Group, which is intending a c650 lot subdivision, targeting first home buyers.
Up to 1150 dwellings could be considered, factoring in medium and high density projects.
The vendor inherited the holding from William McCall in 1956, using it for specialist disability accommodation.
The not for profit will retain the 4.7ha slice accommodating the 19th century heritage protected Box Hill House.
The property previously accommodated a sheep farm then market garden.
More housing planned
Covering 10-32 Terry Road, the WST site is opposite the Box Hill City Centre, which is due for completion next year.
It also abuts Daiwa House Group and Odakyu Electric Railway’s The Hills of Carmel estate, which is taking shape (story continues below).
Elsewhere in the area is Stocklands’ $4 billion The Gables community, replacing a 293ha ex-dairy farm with c3000 dwellings, a school and several parks, one built around a lake.
Knight Frank’s Grant Bulpett and Mark Litwin represented McCall; the expressions of interest campaign closed in late September.
A rezoning from RU2 Rural Landscape is imminent.
The purchase price is $200 million.
Box Hill is 42 kilometres from Sydney.
WST’s portfolio also includes industrial and retail product.
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