‘Unique’ land a real estate dream

Some of the land St Johns church leaders are considering selling. Picture: Jess Layt

Some of the land St Johns church leaders are considering selling. Picture: Jess Layt

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Nothing in Camden comes close to the value of land St Johns church leaders are considering selling.

That’s what Combined Real Estate principal Christian Sharp believes, given the site’s size and central location to Camden’s main street.

Church leaders want to build a “contemporary worship centre” on the grounds to cater for Camden’s growing population.

They are considering selling the vacant land along Menangle Road, the rectory on the corner of Menangle Road and Forest Crescent and a property on Alpha Road which backs onto the land to pay for the new building’s construction and maintenance on the existing church.

Mr Sharp said it was difficult to put a figure on how much the land would be worth without further investigation.

“The size of this property alone so close to the centre of Camden is a rare offering,” he said.

“It’s a unique space, to get something that size you’d need a row of a few houses to sell as one.

“There would be no shortage of interested buyers.”

Mr Sharp struggled to think of any other recent sale in Camden that could compare to the value of the historic Menangle Street land.

He said the closeness of residential and commercial properties would be tantalising for potential buyers.

However, he said the allowable uses of the land would be a major factor in any sale.

“A lot would come down to what the zoning allows and what you could or could not do with it,” Mr Sharp said.

“A lot of different factors play into it and zoning plays a major role in value.

“It would be a matter of maximising what you could get out of the land.”

Mr Sharp said fitting in with neighbouring properties would also be an important factor if the land was developed.

“Any real estate agent would love to manage a property like this,” he said.

“It’s a unique opportunity.”

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