Shopping centre and 20-storey unit towers planned for $78m site
A shopping centre and thousands of homes could soon sprout on a sprawling property in Sydney’s south west.
Just a few years after the 20ha lot at 127-163 Rickard Rd, Leppington, sold for a whopping $78 million, its buyers are looking at how it may be developed in line with the NSW Government’s plans for Leppington Town Centre.
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Colliers International’s national director Harry Bui this week told the Liverpool Leader the “private consortium” was planning to get work underway, with the delayed two-year settlement period now over.
“It is zoned for mixed use but the buyers are hoping for another rezoning to increase the density,” Mr Bui said.
“They are looking at an increased building limit from eight- to 20-storeys,” he said.
He said the site’s developers were also planning a shopping centre, with space for a floor area of about 65,000 sqm.
The property was listed for sale as a deceased estate in 2016. It sold following strong interest from local and overseas developers.
About 300m from the train station, it is at the heart of the precinct earmarked to deliver housing, jobs, entertainment and infrastructure.
While the site is in the Camden LGA, the suburb has been identified as a growth zone by both Liverpool and Camden councils.
The property is less than 15km from Bringelly, where Sydney’s second airport is being built.
A Camden Council spokeswoman said Leppington formed part of the government’s Western City District Plan.
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“This (Rickard Rd) site is currently zoned to accommodate variety of potential uses, including business, office and retail premises as well as shop top housing,” the spokeswoman said.
Acting chief executive of Liverpool City Council Tim Moore said the sale of the site brought plans for Leppington Town Centre “another step closer to reality”.