This article is from the Australian Property Journal archive
A WRAP up of development site and commercial property investment opportunities across Australia.
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Rural & Agribusiness
Darlington, VIC
Historic Federation-style Yellangip homestead along Mt Emu Creek, in Victoria’s Western District, is on the market with expectations of circa $3 million.
Yellangip, set on 48 acres and surrounded by an established garden and mature sugar gums, dates back to 1908 and was designed by renowned architect W. Pierre Knights.
The 170 Darlington-Carranballac Road property has a 500-metre driveway and features deep wrap-around verandas and is nestled in a private and scenic setting with a kilometre of direct frontage to Mt Emu Creek.
Meticulously restored by the current owners, the home features four bedrooms, expansive living areas and three newly renovated bathrooms. Additional updates include a 34 KW solar power system, hydronic heating system, and fully upgraded plumbing and electrical systems.
CBRE’s Matt Childs is managing the sale and said the property’s unique integration of historic beauty with a modern restoration would appeal to a range of buyers.
“This property is a rare blend of historical charm and modern sustainability, making it an outstanding lifestyle estate,” said Mr. Childs. “It’s a perfect opportunity for those seeking a luxurious yet sustainable rural retreat.”
The expressions of interest campaign closes on 20th November.
Development & Land
Waterloo, NSW
Owner occupiers and investors have the chance to secure a boutique mixed-use space rich in character and historical significance in the heart of Waterloo, which has a price tag of around $1 million.
The heritage listed substation at 241 Young Street, Waterloo has flexible MU1 mixed use zoning, offering a wide range of potential future applications that could include a boutique residential conversion or commercial uses such as a restaurant, bar, or creative office.
Colliers’ Michael Crombie, Trent Gallagher, Sam Thomlinson and Justin Rosenberg have the listing.
“This boutique asset is located in the booming Waterloo precinct only seconds from the hustle and bustle of Danks Street which features amazing amenity through cafes, restaurants, high end furniture showrooms plus much more,” Gallagher said.
The precinct is set to see hundreds of new apartments soon to be developed.
The property is positioned adjoining the DA approved mixed-use development of what is known as Young Street Village, which will consist of six mixed-use buildings comprising of a mixture of high-end residential and commercial accommodation.
241 Young Street goes to auction at 10:30am on Saturday, 19th October.
Industrial
Seven Hills, NSW
A high-clearance warehouse, showroom and office unit in Sydney’s tightly-held north-west has hit the market in a sale and leaseback offering to Tyrolit, a global construction supplier headquartered in Austria.
Unit 1, 163 Prospect Highway in Seven Hills has a total building area of 2,087 sqm and offers connectivity to the M2 and M7 Motorways.
Cushman & Wakefield’s Harry Dalton and Joseph Siokos have been appointed to the listing. Dalton said the listing comes during a unique window of opportunity for investors.
“With interest rate cuts and moderating bond yields on the horizon, we expect industrial assets to experience an upwards revaluation. We’re seeing investors seeking to take advantage of the current market dislocation and expect this to be a factor driving demand for assets like 163 Prospect Highway.”
The current vacancy rate in the north-west sits at just 1.5%, according to the agency. In comparison, the vacancy rates for Sydney and the national market are 2.1% and 2.3%, respectively.
Expressions of interest close 30th October.
Sebastopol, VIC
An approved and partly-constructed self-storage business freehold in Ballarat’s Sebastopol is on the market, with a “substantial” amount of work done do date,
The 122-124 Yarrowee Street property – the former Rivers building – has 3,610 sqm of building, and a second frontage to Wilsons Street, and is on a site area of 8,345 sqm zoned industrial 1, positioned one block back from the Midland Highway.
The project concept has been developed by self storage industry builders Regis Group. The vendor estimates works needed to complete the internal construction of approximately 279 self-storage units and a net lettable area of 2,416 sqm is of the order of $1 million.
This includes gutting the existing building structure of asbestos and demolition of exterior features, completing the roofing and external walls with Colorbond steel cladding, and installing the fire sprinkler system.
Highway Frontage Real Estate’s Matt Walsh indicated a sale price of the order of $4 million.
Expressions of interest close 24th November.
