MORTGAGEE IN POSSESSION
LANDMARK LARGE FORMAT RETAIL DEVELOPMENT SITE OPPORTUNITY IN AN ESTABLISHED RETAIL PRECINCT
Colliers acting on behalf of Mortgagee in Possession, is pleased to exclusively present for sale the Warragul Lifestyle Centre Site, a landmark large format retail development opportunity within one of Gippsland’s most established retail precincts. The property comprises an expansive 31,894sqm* corner landholding across two titles, offering over 450m* of dual frontage to Queens Road, multiple access points, and exposure to more than 21,000* vehicles daily.
Strategically positioned in Warragul’s dominant large format retail hub, the site directly adjoins the Spotlight Group and Harvey Normans LFR development and is surrounded by major national retailers including Bunnings, Kmart, Rebel Sport, Repco and more. The opportunity is underpinned by existing Leffler Simes concept plans for a 13,705sqm* development, alongside proven tenant interest from national and listed covenants, reinforcing its appeal as a key retail expansion location.
The asset is supported by strong growth fundamentals, with Warragul’s population forecast to increase by approximately 68% by 2036. This is complemented by a significant residential pipeline of circa 16,300 dwellings, forecast retail expenditure growth of 4.5% per annum, and a 25% growth in housing prices over the past five years, underpinning long term tenant demand and sustained growth.
Development highlights:
- 31,894sqm* corner site across two titles
- 450m* Queens Road/Princes Way frontage, 21,000+ cars daily
- Established retail precinct with proven tenant demand
- Existing Leffler Simes schemes for a 13,705sqm* LFR development
- ~68% population growth underpinning future demand
A 100% interest in Warragul Lifestyle Centre Site is being exclusively offered for sale in one line or individually via an Expressions of Interest (EOI) campaign closing Thursday 13th August 2026 at 3pm (AEST).
For more information, please contact the agents:
Will Heffernan | [email protected] | +61 400 917 179
Tim McIntosh | [email protected] | +61 488 320 063
Remember to mention you found this property on DevelopmentReady
MORTGAGEE IN POSSESSION
LANDMARK LARGE FORMAT RETAIL DEVELOPMENT SITE OPPORTUNITY IN AN ESTABLISHED RETAIL PRECINCT
Colliers acting on behalf of Mortgagee in Possession, is pleased to exclusively present for sale the Warragul Lifestyle Centre Site, a landmark large format retail development opportunity within one of Gippsland’s most established retail precincts. The property comprises an expansive 31,894sqm* corner landholding across two titles, offering over 450m* of dual frontage to Queens Road, multiple access points, and exposure to more than 21,000* vehicles daily.
Strategically positioned in Warragul’s dominant large format retail hub, the site directly adjoins the Spotlight Group and Harvey Normans LFR development and is surrounded by major national retailers including Bunnings, Kmart, Rebel Sport, Repco and more. The opportunity is underpinned by existing Leffler Simes concept plans for a 13,705sqm* development, alongside proven tenant interest from national and listed covenants, reinforcing its appeal as a key retail expansion location.
The asset is supported by strong growth fundamentals, with Warragul’s population forecast to increase by approximately 68% by 2036. This is complemented by a significant residential pipeline of circa 16,300 dwellings, forecast retail expenditure growth of 4.5% per annum, and a 25% growth in housing prices over the past five years, underpinning long term tenant demand and sustained growth.
Development highlights:
- 31,894sqm* corner site across two titles
- 450m* Queens Road/Princes Way frontage, 21,000+ cars daily
- Established retail precinct with proven tenant demand
- Existing Leffler Simes schemes for a 13,705sqm* LFR development
- ~68% population growth underpinning future demand
A 100% interest in Warragul Lifestyle Centre Site is being exclusively offered for sale in one line or individually via an Expressions of Interest (EOI) campaign closing Thursday 13th August 2026 at 3pm (AEST).
For more information, please contact the agents:
Will Heffernan | [email protected] | +61 400 917 179
Tim McIntosh | [email protected] | +61 488 320 063
Remember to mention you found this property on DevelopmentReady
Corner Queen Street and North Road, Warragul, VIC 3820
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