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CBRE, together with Ludeman Real Estate, are pleased to offer to market this ‘once in a generation’ corner site located at 42 Canterbury Road, Warrnambool VIC for sale via Expressions of Interest as part of National Portfolio 182.
The property has the following key highlights:
+ Huge, 14,634 sqm* corner site with 360m* combined frontage.
+ Irreplaceable position with direct views to the Warrnambool Botanic Gardens.
+ General Residential Zone 1 allowing significant development and repurposing opportunity for a mix of residential, aged care, childcare, leisure/education/sport facility, place of assembly/place of worship STCA.
+ The LGA features 20.4% of the population aged 65+ and 17.4% below 15 years old implying strong requirements for family services, medical and aged care.
+ Existing building improvements of 4,500sqm* include various classrooms, halls, church and offices suitable for repurposing or demolition**
+ Conveniently positioned 600m* from Warrnambool CBD which includes major national retailers Coles, Woolworths, ALDI, McDonalds, KFC, Chemist Warehouse, NAB, ANZ, CBA plus many more.
+ Warrnambool has a growing population of 36,150* and an annual economic output of $5.9* billion with huge median house price growth up 45% since 2021. (2) (3)
+ Warrnambool: Victoria’s largest coastal city with growing trade population over 100,000 plus ‘year round’ tourist surges to Great Ocean Road hotspots attracting over 2 million visitors annually. (1)
To be sold via Expressions of Interest
Closing 3pm AEDT Wednesday 4 March 2026
Please contact the exclusively appointed CBRE or Ludeman Real Estate team for more information.
* Approx
** Refer to Information Memorandum
(1) Economy.id
(2) Warrnambool.vic.gov.au
(3) Realestate.com.au
(4) Remplan
Remember to mention you found this property on DevelopmentReady
CBRE, together with Ludeman Real Estate, are pleased to offer to market this ‘once in a generation’ corner site located at 42 Canterbury Road, Warrnambool VIC for sale via Expressions of Interest as part of National Portfolio 182.
The property has the following key highlights:
+ Huge, 14,634 sqm* corner site with 360m* combined frontage.
+ Irreplaceable position with direct views to the Warrnambool Botanic Gardens.
+ General Residential Zone 1 allowing significant development and repurposing opportunity for a mix of residential, aged care, childcare, leisure/education/sport facility, place of assembly/place of worship STCA.
+ The LGA features 20.4% of the population aged 65+ and 17.4% below 15 years old implying strong requirements for family services, medical and aged care.
+ Existing building improvements of 4,500sqm* include various classrooms, halls, church and offices suitable for repurposing or demolition**
+ Conveniently positioned 600m* from Warrnambool CBD which includes major national retailers Coles, Woolworths, ALDI, McDonalds, KFC, Chemist Warehouse, NAB, ANZ, CBA plus many more.
+ Warrnambool has a growing population of 36,150* and an annual economic output of $5.9* billion with huge median house price growth up 45% since 2021. (2) (3)
+ Warrnambool: Victoria’s largest coastal city with growing trade population over 100,000 plus ‘year round’ tourist surges to Great Ocean Road hotspots attracting over 2 million visitors annually. (1)
To be sold via Expressions of Interest
Closing 3pm AEDT Wednesday 4 March 2026
Please contact the exclusively appointed CBRE or Ludeman Real Estate team for more information.
* Approx
** Refer to Information Memorandum
(1) Economy.id
(2) Warrnambool.vic.gov.au
(3) Realestate.com.au
(4) Remplan
Remember to mention you found this property on DevelopmentReady
