This article is from the Australian Property Journal archive
A PREVIEW of commercial property investments 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
Hotel
Byron Bay, NSW
A unique commercial opportunity inside a World Heritage National Park in the Byron Hinterland is hitting the market.
Nightcap Ridge is an eco-luxe, nature-based tourist destination on 67 acres in the Nightcap National Park.
Gary Brazenor at Byron Shire Real Estate is handling the sale.
The eco-business offers full-service weddings, long-table lunches and short -term accommodation. And with Development Approval already in place for 12 more cottages and 45 overnight-guests the business is ripe for upscale.
“Our aim has been to create a space where people can escape their busy lives and recharge with an eco-luxe nature experience,” said Nightcap Ridge co-owner Fraser Duddy.
Since purchasing the property in 2015 the owners have renovated the three-bed character home and the existing cabin plus added two new cottages and a 500m2 purpose-built gathering space – The Argory – with a full commercial kitchen and bar.
“This approved development opportunity is one-of-a-kind given the National Park location and proximity to Byron Bay. With the DA and water and liquor licences in place there’s potential to run wellness and corporate retreats, walking tours and a restaurant in The Argory with its beautiful outlook, soaring ceilings and grand fireplace,” said Fraser.
Nightcap Ridge offers World Heritage-listed rainforest and waterways which are home to a number of threatened and endangered plants and animals. Minyon Falls, currently undergoing a 7-million-dollar upgrade, is just 3km hike from the property.
Retail
Doncaster, VIC
A retail investment property at Doncaster East in Melbourne’s east has been offered for the first time in more than 35 years.
Teska Carson directors George Takis and Michael Ludski are selling Shop 60, Tunstall Square Shopping Centre, which comprises an 89sqm retail premises. and will be sold subject to a five year lease, with no further options, to Mr Chook at an annual rental of $71,418 plus GST.
Takis said the sale presented an outstanding investment or future owner occupier opportunity.
“This is a great opportunity for either an investor or future owner-occupier to gain a foothold within a very desirable, tightly held and highly accessible East Doncaster location.
“The fact that it is being offered for the first time in over 35 years speaks volumes about how tightly held retail properties in this precinct have become,” he added.
The property will be auctioned on December 15 at 1pm on site.
Development
Mandurah, WA
The former Timber Top Caravan Park site in Mandurah, south of Perth, is for sale.
Comprised of two parcels fronting Mandurah Terrace, as well as Peel, Sutton and Rockford Streets, sized at 14,708 sqm and 2,506 sqm and totalling 17,214 sqm, they will be sold as one parcel or separately.
The offers to purchase campaign is run by James Baker and Tony Delich of Knight Frank, and closing at 3pm on December 8.
Baker said when put together as one parcel the site offered one of the last large parcels of land close to the Mandurah Town Centre and Ocean Marina.
“It will allow for a variety of development options, including a residential or mixed-use project,” he said. “Developers can create their own vision from the zoning framework. Considered the ‘original’ Mandurah, these sites offer the astute developer the opportunity to unlock the potential of one of the largest parcels of land to hit the market in this location for many years.”
Delich said the development potential of the site had been a big drawcard for buyers, as well as the location of the land, with large frontages to the main roads of Mandurah Terrace, Sutton Street and Peel Street.
“On offer at the Mandurah Marina is an abundance of food and beverage options, hotels, Town Centre Retail outlets and the Mandurah Performing Arts Centre. The site also has access to easy transport routes around the area.
“Potential buyers are particularly interested in the residential development of the site, with this sector of the market performing strongly this year.” Delich said.
The Timber Top Caravan Park ceased operations in August 2018, with the owner of the site now deceased and the family now taking it to the market to be redeveloped.
Warrnambool, VIC
A coastal land opportunity has hit the market.
Agents Ludeman Real Estate’s Mark Dwyer and Nigel Kol are handling the sale of Swinton Street, Warrnambool by expressions of interest closing Thursday 23 December at 2pm.
The agents said this unique property presents as a fantastic residential development opportunity (STCA) and is located on the world-famous Warrnambool foreshore, featuring outstanding Merri views.
The 15.35 hectares land fronting Merri River has the potential to subdivide into 80-100 allotments approx (STCA), although it needs to be re-zoned to residential.
“This location, size of the allotment and views would be hard to match.” Dwyer said.
This property is strategically located in prime position and within close proximity Levy surf beach, golf course and access to Rail trail.
Fitzroy, VIC
A redevelopment opportunity in the heart of Fitzroy, recently voted as Melbourne’s number one most livable suburb, is up for grabs.
JLL’s Josh Rutman, Tim Carr and MingXuan Li together with CVA Property Consultant’s Ian Angelico have been appointed to sell the prominent corner landholding at 317-327 Napier Street via an expressions of interest campaign and are expecting offers of more than $13.5 million.
This is the first time that the property has been marketed for sale as a combined landholding, with the majority of the site being occupied and owned by the vendor for more than 50 years.
Rutman said this is a landmark opportunity that presents one of the finest development opportunities to be offered to market in 2021.
“Being contained within the Johnston Street Built Form Framework which has increased height controls, the site offers tremendous scope for future redevelopment permitting a project of up to 10-levels (STCA).
“Given the property’s strategic Commercial 1 Zoning, the site caters for numerous redevelopment options, including residential apartments, commercial office, vertical retail, child or aged care and/or medical projects.” Rutman said.
Carr said Fitzroy has become an incredibly desirable suburb for local, interstate and offshore developers given the demand that exists within the precinct from residential owner occupiers and investors.
“Over the few years we have witnessed strong pent-up appetite from these groups who have an insatiable appetite for 1,000 sqm and above landholdings within the precinct.” Carr said.
The EOI closes on Wednesday 8th of December 2021 at 2pm (AEDT).
