Rouse Hill site expected to fetch over $200 million

Rouse Hill site expected to fetch over $200 million
Rouse Hill site expected to fetch over $200 million

A 33.5 hectare development site in Rouse Hill, north-west of Sydney, has been listed with $200 million plus hopes.

The property at 285-297 Annangrove Road is being offered for the first time in 30 years.

Knight Frank agents Grant Bulpett says it is expected to draw strong interest from developers looking to be part of the significant growth area.

“It’s not often we see sites of this size that are zoned for multiple uses come to market, so we anticipate it will draw significant interest from large scale developers," he said.

Currently raw farm land, only used for cattle grazing, the future owner will be well positioned to unlock the significant value potential of the site through redevelopment.”

Bulpett is marketing the property with James Reeves and David Morris with an expressions of interest campaign ending July 19.

The site is located between Rouse Hill and Box Hill and in the priority growth corridor of North-Western Sydney. It is set to benefit from the substantial amount urban infrastructure currently underway in the area. 

James Reeves suggested the size of the development site is a rare opportunity.

"The scale of this super lot might be one of the only opportunities in the area for a fully integrated community orientated development which in addition to a masterplanned residential precinct could include hospitals, universities and associated uses," Reeves said.

“The Rouse Hill area is at the coal-face of urban infrastructure with the development of the Northwest Rail Line and the Northwest Skytrain set to contribute to the establishment of the precinct as a major hub in the Northwest."

 

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

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Development Site Rouse Hill

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