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The site that just sold. The site that just sold. Featured


Northwest landholding goes for $17.5M
THE Anglican Schools Corporation has offloaded a large landholding close to the Bella Vista metro station, in Sydney’s fast-growing northwest, for $17.5M to a local vocational training establishment.
The 2.25-hectare Glenwood site at 1000 Old Windsor Road was previously home to the Anglican Technical College and has been occupied by the Plumbing Industry Climate Action Centre, and is currently improved by a congregation hall, a basketball court, demountable classrooms, a training centre and playing field.
It will continue operations on the site for the near future.
The sale of the property, which has SP2 infrastructure education establishment and place of worship zoning, was negotiated by Grant Bulpett and Mark Litwin of Knight Frank.
The expressions of interest campaign resulted in 70 enquiries from potential buyers attracted to the location and future development potential of the site, Litwin said.
“It is an expansive site in a high-value position in the northwest growth corridor, with plenty of access to existing amenity,” he said, adding that it is just 200 metres from the Bella Vista station and town Centre.
“The rarity of the range of uses allowed us to penetrate very specific sectors in the marketplace, and drive interest through a highly targeted marketing and sales strategy.”
Bulpett said there was ongoing demand for sites with development potential in the current market. “The market was extremely active for this property and this zoning,” he said.
“As part of a growth corridor, the need for training and education facilities in western Sydney is increasing as the population continues to expand.”
The Anglican Schools Corporation was established by the Anglican Church Diocese of Sydney to provide a Christian education for its communities.
Need to redress obligations
The Anglican Church is currently undertaking a sell-down of its property assets to meet its redress obligations – which stood at about 60 properties a few months ago.
This week, the Church listed the 97-year-old St Luke’s Anglican Church in Kin Kin, in the Noosa hinterland through Ray White Commercial’s Phil Hargrave for $544,500. The deconsecrated building is zoned as a community facility.
Recent listings have included the historic St John’s Anglican Church in Tasmania’s Ross, which was built in 1869 and is a landmark of the northern midlands town, after a community group attempted to buy it themselves but fell short of financing. 
An expressions of interest campaign was run during summer but the property is still listed as for sale through Jessica Froude of Harcourts Northern Midlands.
Offers have just closed for St John’s Church in Langhorne Creek, one hour south east of Adelaide, marketed with a $450,000 price guide and as “ideally situated and will convert beautifully to a character country getaway, guest accommodation or private residence”.
- Australian Property Journal.


Michael Walls
0407 783 413

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