Cushman & Wakefield Melbco Development Sites is excited to present 127–145 Fairy Street, Warrnambool. A rare mixed-use development opportunity in rural CBD location.
The 4,481sqm* site holds a permit for three interconnecting buildings, offering a total of 18,083sqm* (NSA) and 37,946sqm* (GFA).
Warrnambool is situated on the world-famous Great Ocean Road on the Surf Coast of Victoria. It is the eighth-largest city in regional Victoria in terms of population home to over 35,000 people.
- Located within Victoria’s 8th largest city, along the world-famous Great Ocean Road on Victoria’s Surf Coast
- Warrnambool sits equidistant from 3 major cities including Ballarat, Mount Gambier and Gelong, all within 1.5 hours drive and 225 km’s from Melbourne’s CBD
- Ability to create over 57 apartments, 84 serviced apartments and 5,607sqm* of commercial office with retail
- Previous Heads of Agreement signed with leading serviced apartment operator
- Large land area 4,481sqm* - Warrnambool cities largest commercial site on offer
- Permit approved for 3 inter-connecting buildings offering NSA 18,083sqm* / GFA 37,946sqm*
- Approval to develop an incredible mixed-use scheme over 8 levels to include retail, commercial offices and residential apartments.
- Heads of Agreement signed with a national serviced apartment operator for 10 years.
- 1-hour drive from the world famous 12 Apostles along the Great Ocean Road
- Warrnambool is a famous tourist destination
- Best known for the once thriving penguin population at Middle Island
- Warrnambool benefits from over 700,000* tourists visiting each year
- Once known as the “Shipwreck Coast”, tourists flock to the Maritime Museum and whale watching
- The city is the region's main service centre for retail, business services, health and education
- The city is the fastest growing economy and population centre in the Great South Coast.
- Warrnambool has an economic output of $5.03 billion
- The population is forecast to reach 50,000 by 2036 (increasing 41%)
- Health Care & Social Assistance is Warrnambool's largest employment sector, supporting an estimated 4,323 jobs
*approx.
For Sale by Expressions of Interest closing 29 June 2023 at 12pm
For information on this opportunity, contact the Melbco Development Sites team today
Marcus Neill | 0452 405 782
Alexander Leggo | 0432 053 747
Eva Ni 倪梦佳 | 0425 232 942
- South Western Regional Victoria
