This article is from the Australian Property Journal archive
A WRAP up of commercial property investment opportunities across Australia.
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Hotel & Hospitality
Healesville, VIC
The Brown Family Wine Group has put up for sale the freehold going concern of their award-winning winery Innocent Bystander’s renowned Healesville cellar door the esteemed Yarra Valley.
Colliers agents Lucas Soccio, Ben Baines, Duncan McCulloch and James Zhuang are managing the expressions of interest campaign, which closes on December 4th.
Located at 334 Maroondah Highway, the 800 sqm property sits on 1,458 sqm of land, giving flexibility for future owners to maintain the current operations or endeavour new ventures.
The asset was first acquired by Brown Family Wine Group in 2016, which has continually invested in the site over the years, with a substantial upgrade completed in 2017. It boasts a state-of-the-art kitchen and pizza oven, L-shaped bar that can accommodate multiple tastings, private dining room, and outdoor garden space, and is suited for a wide range of events, from intimate gatherings to corporate functions and live performances.
The Brown Family Wine Group has been producing wines for over 130 years and has evolved from a single brand to a family of brands that now includes Brown Brothers, Devil’s Corner, Tamar Ridge, Pirie, and Innocent Bystander. The decision to sell comes as the Group announces a new strategic direction for Innocent Bystander, as the brand moves beyond its Yarra Valley roots to engage a broader consumer base.
Development & Land
Canungra, QLD
An 8.71-hectare development site in the heart of the Gold Coast hinterland’s Canungra has been listed for sale with approval for a neighbourhood shopping centre, including a supermarket, which is set to reshape the centre of town.
Canungra Central Development Site has DA approval for a 2,564 sqm neighbourhood centre consisting of a 2,036 sqm supermarket and two retail specialty tenancies, with passing income from existing tenants on Christie Street including Aquis Farm, El Social Café, Voyager Wealth, Scenic Road, Live Fit Gym, Catherine’s Beauty Room, Canungra Hairdressing and The Butchery.
Colliers’ Brendan Hogan, Steven King and Harry Dever have the listing of 2-4, 32, 34-36 & 38 Christie Street and 10-24 Finch Road. Expressions of interest close December 4th.
“Canungra Central Development Site offers a landmark opportunity poised to transform the heart of Canungra with a wide array of opportunities under favourable zoning,” Hogan said.
There are circa 600 residential lots within Canungra either under construction, planned, or in DA application creating a strong demand for high quality retail offerings that will potentially support about 5,000 residents of the Canungra district.
“The favourable zoning provisions and strategic location make it an ideal investment for developers, investors, and owner-occupiers looking to capitalise on the area’s strong forecast population growth and tourism activity,” King said.
2-4, 32, 34-36 & 38 Christie Street and 10-24 Finch Road
Office
Woodville Park, SA
An upgraded former Uniting Church and hall site in Adelaide’s north-west that is being sold by a private owner, with offers over $1.8 million to be accepted.
The 1,806sqm corner property at 19 Kilkenny Road sits just off Port Road, within just six kilometres of the CBD, with upgraded facilities of 680sqm.
With flexible Suburban Business zoning, the site includes the Wesley Hall building, which has multiple large meeting areas, offices, a full commercial kitchen and on-site parking.
James Juers and Yee Ng from McGees Property are marketing the property, with offers to be accepted by 5 December 2024.
“We’re expecting broad and diverse interest for this property, given the functionality and flexibility of the upgraded buildings and zoning, as well the highly accessible location not all that far from central Adelaide,” said Ng.
Retail
Carlton, VIC
233 Lygon Street is set to go under the hammer for the first time in 53 years with expectations in the mid $1 million range.
The 165sqm two-storey vacant building comprises ground floor retail and first floor office sitting on 113sqm of freehold land with rear access via Lygon Lane.
The property is surrounded by top retailers including ANZ, Commonwealth, NAB and Bendigo Bank, Hairhouse Warehouse, Vintage Cellars, in addition to a range of dining and food and beverage offerings.
Lygon Street sits right by Melbourne’s major education and health precinct and is easily accessible via public transport.
Chris Kombi and Ervin Niyaz from Fitzroys are managing the campaign, with the auction scheduled on-site for 28 November 2024.
“This is an ideal opportunity for occupiers to establish a presence in a high foot-traffic location within arguably Melbourne’s most famous dining and lifestyle strips,” said Kombi.
