This article is from the Australian Property Journal archive
A WRAP up of hotel and commercial property investment opportunities across Australia.
Development & Land
Tapping, WA
A vacant land development site in the fast-growing northern corridor of Perth is expected to draw interest from local and national developers.
The 1.6-hectare site at 2 Clarkson Avenue, Tapping offers a wide array of development possibilities, including an endorsed structure plan for the construction of a neighbourhood shopping centre.
Colliers’ Shane Isaacs and Richard Cash have been appointed to manage expressions of interest campaign closing on 5th March.
“This is a rare opportunity for buyers to acquire a substantial vacant landholding in the heart of this popular location,” Isaacs said.
The area is well serviced by an extensive road network and the property is conveniently located near Wanneroo Road, Joondalup Drive, and the Mitchell Freeway. The site has exposure to over 23,000 vehicles per day and over 74,000 residents within a 10-minute drive.
The property is being offered for sale by Expressions of Interest, closing on 5th March 2025.
2 Clarkson Avenue, Tapping
Rural & Agribusiness
Dimbulah, QLD
A well-developed avocado orchard portfolio located in the renowned agricultural district of the Atherton Tablelands has been brought to market, on the back of a 25% increase in avocado consumption over the past three years.
The portfolio is situated three kilometres south of the Dimbulah township Far North Queensland, less than 110 kilometres south-west of Cairns. The assets comprise four orchard properties spanning a total area of 171.147 hectares planted to 133.65 hectares of Shepard and Maluma avocado varieties.
Colliers’ agents Stacey Quaid and Jesse Manuel have the listing.
“The Shepard and Maluma varieties offer early year harvesting, which ultimately leads to increased pricing as there is typically less competition in the market at that time of year,” Quaid said.
“When you pair that with the high density of plantings and the fact that the latter stage trees are interplanted, it’s evident that the orchard has been thoughtfully developed,” Quaid added.
The orchard has 43,237 trees – 14,042 Shepard and 29,195 Maluma varieties – and has been developed over four stages, with the first trees planted between 2010 and 2013. The more recent stages were planted in 2017, 2019 and 2020 respectively.
Expressions of interest for the whole or separate assets close Friday, 14th March.
Retail
Ringwood, VIC
A fully-leased 6.5-acre property in the heart of Ringwood’s “Golden Mile” has hit the market.
Located at 481-493 Maroondah Highway, the property is Ringwood’s largest land offering and offers a combined income of $2.1 million from a line-up of tenants including global motor vehicle giant Volkswagen, Eastern Health, Serco, Crocs Playcentre, and Eclipse Gymnastics.
CBRE’s David Aiello, David Minty, Andrew Bell, Lee Holdsworth and Nathan Mufale are managing the expressions of interest campaign, which closes Thursday, 13th March.
“Car dealerships continue to attract strong interest from highly astute buyers who fully appreciate the attractive fundamentals of big land, big income and big future upside. Here we have five quality long standing tenants in arguably one of the tightest held and strongest performing retail boulevards in Melbourne,” Minty said.
The property is strategically positioned two kilometres from the Eastland Shopping Centre and on the border of Ringwood’s Metropolitan Activity Centre, and has daily exposure to 49,000 vehicles. It is also surrounded by blue-chip motor vehicle tenants such as Mercedes Benz, BMW, Ford, and Nissan.
The Expressions of Interest Campaign closes Thursday, 13th March at 2pm (AEDT).
Essendon, VIC
In Melbourne’s north-west, the home of a beloved local toy store operating since 1978 has come to market expected to attract interest in the high $1 million range.
Located at 9 Leake Street, Essendon, the corner site has flexible Commercial 1 zoning and spans 328 sqm with a 199 sqm single-story building with mezzanine, storage, and kitchen facilities. Its corner position delivers a prominent 10.2-meter frontage, onsite parking, and high visibility with approximately 28,000 vehicles passing daily along Mount Alexander Road.
Savills agents James Latos, Julian Heatherich, and Benson Zhou are managing the campaign, with the property going to auction on 6th March at 12.30pm.
“The long-standing success of Mind Alive underscores the enduring strength of Essendon’s retail precinct. This property’s location and zoning offer future owners a wealth of possibilities to capitalise on its unique attributes,” Latos said.
