"The sheer diversity in offerings means it’s unlikely any prospective buyer will be left without a landholding to call their own."
Commercial property portfolios containing a broad breadth of asset classes and price ranges have become more common over the past few years. That said, typically, these portfolios contain occupied properties that have established sources of holding income, because for most property investors, they’re looking for hands-off, secure returns.
Colliers is looking to buck the trends with their latest collection of sites for sale; they’re promoting 17 vacant properties across six states, all of which are suitable for development. With over 100,000 sqm on offer, developers from across the nation are being asked to take notice, as there appears to be a land parcel for everyone.
The sites are being brought to market on behalf of Ampol Petroleum; the largest transport energy distributor and retailer in Australia. They’re being represented by Colliers agents Matthew Meynell and Jordan McConnell, who believe that with capital heading out towards the regions, these 17 properties possess substantial potential.
“With a significant decentralisation having taken place across many traditional metropolitan markets post COVID-19, interest in prominent regional centres has become ever more sought-after, as these economies continue to strengthen,” explained Mr. Meynell.
Zoning across the portfolio is multifaceted, giving developers opportunities regardless of their investment mandate. A 45,820 sqm lot in New South Wales’ Lloyd is up for grabs with RU1 Primary Production zoning, which should raise the eyebrows of investors looking to move into the agricultural production sector.
382 Grand Promenade, Dianella WA 6059
For developers with industrial interests, a 1,821 sqm site is available in the Queensland town of Ayr. Meanwhilst, down in Victoria, a Shepparton lot containing 11,256 sqm of land zoned for industrial use sits dormant on McGill Street, just a short drive from the town’s epicentre. Other properties include a 1,571 sqm property in Launceston designated for Mixed-Use, a 1,816 sqm commercial corner site in the Perth-adjacent suburb of Dianella, and a 3,750 sqm landholding in South Australia’s Lock that is zoned Neighbourhood.
Colliers believe that much of the enquiry for the portfolio will come from developers looking to build for long-term returns, as many of the regional centres that the collection of properties taps into are exhibiting notable economic and demographic growth. Take Cooma for example; the New South Wales township has seen its medium sales figure for land jump by nearly 79 per cent over the past twelve months, according to District Data.
“We continue to witness increased levels of demand for defensive ‘set-and-forget' style investments which can be developed and even managed remotely,” stated Mr. McConnell.
The group of properties consists of six landholdings in South Australia, four in New South Wales, three in Victoria, two in Queensland, and one in both Western Australia and Tasmania. The sheer diversity in offerings means it’s unlikely any prospective buyer will be left without a landholding to call their own.
The sites are available collective in-one-line, individually, or in tranches, and will be offered to the market for sale via an Expressions of Interest campaign that concludes on Wednesday the 16th of November.
