Cushman & Wakefield Melbco Development Sites, in conjunction with Roger Cussen are excited to present for sale 127–145 Fairy Street & 239 Lava Street, Warrnambool.
Warrnambool is situated on the world-famous Great Ocean Road on the Surf Coast of Victoria. It is the eighth-largest city in regional Victoria in terms of population home to over 35,000 people. The site provides developers and investors a permit approved mixed-use scheme for three interconnecting buildings. Potential to develop 57-apartments, 84-serviced apartments, commercial office and retail.
• Large land area 4,481 sqm* (9 titles to be sold in-one-line)
• Warrnambool CBD location | former car showroom and warehouse currently vacant
• Permit approved for 3 inter-connecting buildings
• Potential to build 57 apartments, 84 serviced apartments, commercial office plus retail
• Previous Heads of Agreement signed with leading serviced apartment operator for a 10-year lease
• Warrnambool sits equidistant from 3 major cities including Ballarat, Mount Gambier and Gelong, all within 1.5 hours drive and 225 km’s from Melbourne’s CBD
• 1-hour drive from the world famous 12 Apostles along the Great Ocean Road
• Warrnambool benefits from over 700,000 tourists visiting each year
• The city is the region's main service centre for retail, business services, health and education
• The Warrnambool Base Hospital will be redeveloped from February 2024 funded by the state government at a cost of $384mn
• Warrnambool has an economic output of $5.03 billion
• The population is forecast to reach 50,000 by 2036 (increasing 41%)
• Health Care & Social Assistance is Warrnambool's largest employment sector, supporting an estimated 4,323 jobs
*Approx
For Sale by Expressions of Interest closing 21 March 2024 Aat 12pm (AEDT).
For more information on this opportunity, please contact the Melbco Development Sites team today.
Marcus Neill | 0452 405 782
- South Western Regional Victoria
