EG has secured a 2ha site in Leppington for a new investment opportunity for wholesale investors in the EG Leppington Property Trust.
In conjunction with EG Property Group, EG’s fast-growing Private Wealth division has secured a parcel of land at 22 Park Road. The site is well-located in the local government area of Camden, approximately 38km south-west of Sydney’s CBD, and 12km south west of Liverpool.
The property was successfully secured and negotiated in an off-market agreement.
The precinct has recently been rezoned to allow for standard residential housing of up to 16.5 dwellings per hectare. The site requires 4,500sqm to be used for public recreation & infrastructure, leaving the capacity for approximately 26 housing lots.
Other recent sales in the precinct included Crownland’s acquisition of 19 Ridge Rd, a 2.1ha site for $7.15m which they acquired in June 2021 and a 4ha site at 31 Heath Rd Leppington was also sold for $7.5m also in June. On this basis, EG are likely to have paid circa $6.8m for the site in Park Rd.
The Trust is just one of many opportunities EG is pursuing for their wholesale investors as they target high growth corridors, utilising their rezoning skills to exact the highest and best-use outcomes.
“This is a great start, but what we’ve begun is only half done”, said EG’s Managing and Founding Director, Dr Shane Geha.
EG grows the wealth of their private investors through commercial property syndication opportunities. With above-average returns and capital security, EG takes a personalised and aligned approach to every opportunity.
Related Articles
