An undeveloped site in Sydney's south is being sold by the Gandangara Local Aboriginal Land Council.
South Sydney land granted to the Gandangara Local Aboriginal Land Council in 2009 is being sold, and is attracting bidders locally and from overseas and interstate.
“The Land Council was officially given the land by the NSW Government in 2009," said selling agent Anthony Bouteris, Co-Principal of Raine & Horne Commercial Sutherland Shire.
The GLALC has sought approval to subdivide the land into 134 residential lots of around 700 square metres, he said.
“The development is part of a larger parcel of 34 hectares, with the balance to be retained by the Land Council," said Bouteris.
Gross proceeds from the sale of the site are estimated to be about $105-$110 million, according to Bouteris.
“Barden Ridge is a fantastic location to buy and build a property within an hour of the Sydney CBD, and we expect the 134 residential lots to attract plenty of upgraders looking for a home in the Sutherland Shire,” he said.
Paul Newman, CEO of the Gandangara Local Aboriginal Land Council, said the sale will help finance business activities.
“We will use the proceeds from the sale to help finance our business activities, such as our community housing, cultural and heritage programs. We also operate a community transport service to support older members of the local Aboriginal and non-Aboriginal communities.
“We are also the only Aboriginal Land Council who operates a privately owned medical centre in Australia and the proceeds from the sale of the Barden Ridge property will support these services,” he said.
For expressions of interest contact Anthony Bouteris, Raine & Horne Commercial Sutherland Shire on (02) 8536 7999.
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