This article is from the Australian Property Journal archive
A PREVIEW of commercial property investment and development opportunities available across Australia.
Submit sale campaigns to news@australianpropertyjournal.com.au, sponsorship opportunities available contact amy.guy@australianpropertyjournal.com.au or marketing@australianpropertyjournal.com.au
Development
Collingwood, VIC
Lot B, a 936sqm site at 23-25 Gipps Street with 3,763sqm of permit approved NLA and 29 car spaces is being offered for sale via an expressions of interest campaign, managed by Joseph Walton and Michael Ryan from Allard Shelton.
The Commercial 2 zoned property includes an established structure and on-site services, enabling potential buyers access to a development opportunity in a lifestyle precinct that boasts retail, cultural and hospitality offerings.
The expressions of interest campaign for 23-25 Gipps Street closes 21 October, 2021.
Clyde, VIC
In Melbourne’s south-east growth region, 26.2 hectares of mixed-use development land has come to the market, designated as a major town centre site within the Clyde Creek Precinct Structure Plan.
Justin Dowers and Julian White of Stonebridge Property, together with LAWD’s Peter Sagar and Paul Callahan, are marketing 1625 Ballarto Road.
Urban design frameworks permit up to 50,000 sqm of retail and up to 50,000 sqm of commercial in the broader town centre, which includes the 1,200-dwelling Eliston Estate, and neighbours Hartleigh Estate, with 770 dwellings, and a future government school.
The site is metres from the future Clyde train station and close to the South Gippsland Highway.
Expressions of interest close 10th November.
Surfers Paradise, NSW
Markwell, a 2,022sqm DA approved site at 2983-2991 Surfers Paradise Boulevard, is being offered to the market by Antonio Mercuri, director at GV Property Group and Mark Witheriff, managing director of CBRE, Gold Coast.
“Markwell provides an opportunity to develop in the enormously popular Surfers Paradise hub, which usually attracts some 5.1 million visitors from around Australia and across the globe and has a growing resident population,” said Witheriff.
The site was purchased by current vendor, Citimark Properties in June 2015 for $11 million and currently has a potential gross realisation value of around $200 million.
The site, which sits 200m from the beach, is being marketed with a DA approval for a mixed-use development comprising 552sqm of retail and 210 apartments over a 47-level tower, with two- and three-bedroom residence floorplans.
“We’re pleased to be working with GV Property Group and CBRE to hand Markwell over, as we draw our focus to our exciting projects across our portfolio. Six years on, we look forward to seeing Markwell come to life, led by its new owners,” said John Bowman, development director at Citimark Properties.
The expressions of interest campaign for Markwell is scheduled to close on 3 November.
Hotel & Hospitality
Byron Bay, NSW
Boutique hotel The Sunseeker, labelled by Conde Nast Traveller as Australia’s most exciting new arrival in 2021, has been listed for sale with vacant possession.
CBRE Hotels’ Wayne Bunz and Hayley Manvell have been appointed to sell the asset amid rising interest in boutique, leisure-oriented hotel investment opportunities, and a boom period for the coastal town.
Opened in January after a multi-million-dollar refurbishment, The Sunseeker was the only Australian hotel listed in Condé Nast Traveller’s ‘Hot List 2021 – Best New Hotels’ worldwide.
Located on a 6,337 sqm site on Bangalow Road, it has 21 guest rooms and self-contained bungalows, along with a three-bedroom residence and an onsite caretaker studio apartment. Amenities include a mineral heated pool with a poolside tiki-bar and cabana area, fire pit, children’s playground and a public coffee cart offering.
The Sunseeker offers potential for further development on a 1,250sqm vacant parcel of land, within the existing freehold parcel, including the ability to develop additional rooms or wellness-oriented revenue streams.
“Byron Bay continues to be the most highly sought-after hotel investment market in Australia and with NSW lockdown restriction set to ease next week, and a potential easing of the international border to follow, this asset is perfectly poised to capitalise on an incredible wave of forthcoming demand,” Manvell said.
Expressions of Interest close 11th November.
