‘Biggest in 70 years’ Western Sydney cemetery complex approved for development
There’s a lack of burial spots in Sydney.
One of the largest scale cemeteries in NSW has been approved and listed for commercial sale, offering investors a rare opportunity to purchase scare land supply.
Listed via Ray White Commercial agent Peter Vines and StrongeBridge Property’s Lincoln Blackledge, the 73 hectare site is situated eight kilometres from the Western Sydney Airport.
The address at 1290 Greendale Rd Wallacia received DA approval in September, after barriers preventing council approval were removed.
The cemetery complex is available via Expressions of Interest.
MORE:
Sport’s lover’s dream mansion up for grabs
House of horrors draws gasps at auction
Highest prices paid at Sydney’s auctions revealed
The address at 1290 Greendale Rd, Wallacia received DA approval for the cemetery to be built on the site.
The cottage included shedding with a workshop, machinery and space for suit cropping, gardening and grazing.
According to Mr Vines, a recent review into the cemetery sector highlighted the scare supply of burial space in Sydney.
The beautiful Waverley Cemetary is full.
“The critical shortage of cemetery permitted land has led to exponential growth in capital values, with relative performance exceptionally strong amid macroeconomic downturns,” Mr Vines.
“The strong value of this space underpins the opportunities provided by agricultural land-banking and industrial rezoning.”
Lands set aside for burials are becoming increasingly scarce, as land space has been taken up by residential and commercial uses.
The site is located 44km from the Parramatta CBD, 31km from Liverpool’s CBD and 60km from Sydney’s CBD.
Expressions of Interest for the cemetery close on the 23rd of November at 4pm.
Mr Vines said the site has a range of development options that boast exceptional return profiles and would be resilient against macroeconomic headwinds.
A car is removed from Randwick Cemetery in South Coogee, Sydney, Tuesday, February 6, 2018, after a traffic incident.
The proposed cemetery would feature 775,000 internment plots once all nine stages are built.
Included in the concept design for the $105 million facility are six, four to five storey mausoleum buildings, a chapel, hall, gatehouse, cafe and administration buildings.
A central valley providing compensatory flood plain storage is also planned.
The proposed non-denominational cemetery is estimated to host about 15,000 cremations or funerals per year.
Rookwood Cemetary is one of NSW’s biggest burial sites.
Gang members look on at the funeral of two Bandidos motorcycle (bikie) gang members at Rookwood Cemetery in Sydney, killed during the Milperra massacre at the Viking Tavern when a fight broke out between the Bandidos and Comancheros.
MORE: Famous writer’s quiet $15m home sale
