Substantial interest expected in DA approved cemetery

15 May 2024

A highly unique opportunity exists to purchase a DA approved cemetery in a growing hub southwest of Sydney.

Offering approximately 40,000sqm of land, Stonequarry Cemetery in Picton at 7 Elizabeth Street presents a rare investment prospect for religious groups, operators, developers and investors.

Situated just moments from Picton town centre, the approved DA will allow the incoming purchaser the ability to build a fully equipped cemetery complete with a chapel, admin building, carpark, burial and landscaping.

The Colliers team of Frank Oliveri and Thomas Mosca have the exclusive listing, with price expectations over $16 million.

“With a major shortage of land in Sydney it’s no surprise that when a listing with such unique development potential comes to market, there will be a large cross-section of parties interested,” Mr Oliveri said. “It’s all about location with Stonequarry Cemetery Picton, given its position at the heart of one of Sydney’s most historic and highly sought after suburbs.”.

“Many residential community developments continue to grow in the surrounding areas as population growth into Sydney’s southwest continues, and the region continues to see major infrastructure projects progressing,” Mr. Mosca said.

In addition to the already compelling DA, the listing comes with the added flexibility to acquire the neighbouring lots which consist of a house and field, adding an additional piece to create a truly special development.

Picton, positioned 95km from the Sydney CBD, has an attractive blend of country and suburban living, having become a recent focus of strategic implementation of infrastructure and development that is being heavily supported by the Federal and State Government.

Stonequarry Cemetery Picton is for sale via private treaty.