This article is from the Australian Property Journal archive
NOT for-profit organisation, the Anglican Retirement Village, has acquired a site at Minto in south-west Sydney from Endeavour Energy for $16.6 million.
Savills Robert Lowe and Ray Trimboli sold the former Endeavour Energy Minto Field Support Centre via an expressions of interest campaign.
Lowe said that they had received a large number of enquiries (over 90) due to the site being in a highly sought after location and the potential for development.
This resulted in over 10 offers being received.
“Minto is being transformed into a popular housing destination which was recently demonstrated in the huge success of the One Minto Housing Estate which consisted of both public and private housing, furthermore with the rapid growth in the area the Anglican Retirement Village recognized that there was a need to establish a retirement village in the area which would not only benefit Minto, but the City of Campbelltown,” he added.
Located on the corner of Sark Grove and Pembroke Rd, 39km south west of the Sydney CBD and 4.15km north of the Campbelltown CBD, the 5.88ha site was sold subject to a site compatibility certificate.
The site was suitable for approximately 100 residential lots with a size range expected to be from 300 sqm to 476 sqm (approximately) subject to Council approval.
Australian Property Journal
