This article is from the Australian Property Journal archive
A WRAP up of rural and commercial property investment opportunities across Australia.
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Rural & Agribusiness
Cranbrook, TAS
A 1,204-hectare property featuring an award-winning vineyard, panoramic views across Tasmania’s renowned Freycinet Peninsula, Maria Island and The Hazards, and a renovated homestead is available to be secured as a viticulture investment.
Located in the Swansea region of Tasmania, The Grange boasts a 14-hectare vineyard with large portions of the property highly suitable for cool-climate wine grape production.
The Grange was established in 1840 as a super fine Merino farm before it was developed in 2016 for viticulture production. The 14 hectares are currently planted to a wine grape vineyard comprising a varietal spread of Pinot Noir (planted in 2016), Pinot Gris vines (planted in 2023) and Chardonnay (planted in 2023) with the balance utilised for grazing. The property is currently producing Pinot Noir grapes for award-winning boutique Tasmanian brand – Barringwood Wines.
LAWD’s Elizabeth Doyle and Patrick Kerr have the listing. Expressions of interest close Thursday, December 5th.
“We believe The Grange will attract a wide array of buyers ranging from family enterprises already in the viticulture market, to corporate buyers looking to expand,” Doyle said.
The Grange features a recently refurbished six-bedroom, 2.5 bathroom Queen Anne style homestead set within established gardens featuring a tennis court. The property also has a separate two-bedroom cottage and renovated four-bedroom shearers’ quarters, which could be converted to guest accommodation.
Hotel & Hospitality
The freehold interest in Sunbury’s longstanding landmark, the Ball Court Hotel, has come to market after a multi-million dollar refurbishment by one of the country’s largest hospitality operators, Australian Venue Co (AVC).
Now home to Sunbury’s largest beer garden, with an outside bar and large-screen TVs, as well as an upgraded sports bar and bistro, the venue was part of a $48.6 million, four-pub portfolio acquisition by AVC from Hotel Property Investments.
The hotel is being offered with a 10-year lease plus options to AVC through JLL hotels’ Will Connolly and Ben McDonald, via expressions of interest closing Thursday, December 5th. It currently generates net annual income of $875,000 with guaranteed 2.5% annual increases.
AVC operates over 200 venues across Australia and New Zealand, with an annual turnover exceeding $1 billion,
Connolly said the offering is a true “set and forget” acquisition.
“The Ball Court Hotel represents a rare opportunity to acquire a high-quality, fully leased hospitality asset in one of Melbourne’s fastest growing areas.”
Situated on a 3,807 sqm commercial 1-zoned corner landholding, the property is positioned in a residential growth corridor with projected population of around 60,000 by 2041.
Retail
Mount Barker, SA
A two-storey office and retail building in one of South Australia’s fasted growing townships, Mount Barker, has hit the market with expectations in the low $6 millions range, for a circa 7% yield.
Located at 41-43 Gawler Road, the building has a net lettable area of 1,249sqm on a 808sqm site and boasts seven tenants including Commonwealth Bank and Westpac, Wise Employment, Jobs Statewide, Jobs Australia Enterprises an Summit Health.
The tenants are on a range of long-term leases with options and short-term deals, for a current total passing net rental of $423,193 per annum.
The property sits just 32km out from the Adelaide CBD, with Mount Barker is the retail and commercial heart of the Mount Barker District Council, which has a population of 33,000 that is expected to grow to 55,000 by 2036.
Yee Ng and Simon Lambert from McGees Property are managing the sale via an expressions of interest campaign, scheduled to close 5 December 2024.
“The property brings an immediate healthy return with opportunities to capture rental uplift in the coming years, and offers excellent long-term trade and rent prospects,” said Ng.
Development & Land
South Perth, WA
A vacant site close to the riverfront in South Perth with the potential for a high-end residential apartment development is up for sale with a price guide of around $4.9 million.
The 1,105 sqm property at 4 Judd Street is being taken to the market via an offers to purchase campaign through Knight Frank’s Tony Delich and Cory Dell’Olio for a private family, closing Wednesday, December 4th.
Delich said the property was a gateway site into South Perth and when developed, would offer panoramic views across the Swan River, Kings Park and Perth CBD.
“While the zoning allows for various residential and non-residential land uses, it’s believed one of the highest and best uses for the site would be high-end residential apartments.
“Perth’s residential market is currently very undersupplied, so a residential project would be in demand amongst buyers.”
Suburbs including South Perth, Como, Subiaco, Leederville and Nedlands have been target areas for developers looking to build due to their high-density potential, affluent demographics and proximity to amenities.
Dell’Olio said it was expected there would be significant interest from a wide range of local, interstate and offshore developers given its price point is an affordable entry price for the prime South Perth site.
