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Riverwalk Town Centre Cnr. Princes Highway & Newmarket Road, Werribee, VIC, 3030

Development Potential
DETAILS
Rare Metropolitan Neighbourhood Centre Development Site Within Booming Growth Corridor
  • Substantial 3.01ha Development Site
  • +18,900 Residents within MTA
  • MTA Grocery Spend to Grow by 9.4%

Colliers is pleased to offer for sale Riverwalk Town Centre, an exclusive 3.01ha commercial 1 zoned infill metropolitan neighbourhood shopping centre development site, located in Werribee, the commercial and employment hub of Melbourne’s booming south-west growth corridor, strategically positioned approximately 38km from Melbourne CBD.

Riverwalk Town Centre will be the retail and commercial centrepiece of the Riverwalk Estate and surrounding region, which is forecast to double its population to 460,000 by 2036. The Town Centre will service an existing Primary Trade Area (PTA) of over 8,600 residents with forecast growth of 8.7% pa average to 2026, comprising predominantly of young family households. The MTA’s total retail spending is estimated to reach $395.8 million by 2031, of which 71.4% is forecast to be generated by the PTA alone.

The Riverwalk Estate is a premium residential community that will accommodate over 8,000 residents at completion (expected 2026), and offers excellent amenity including the Riverwalk Primary School, future independent Prep to Year 12 school and proposed 7.7ha retirement village (STCA).

A proposed development concept provides for a highly convenient neighbourhood shopping centre, including a full-line supermarket, supported by specialty retailers and ample on-grade parking.

Riverwalk Town Centre is being offered for sale via an Expressions of Interest (EOI) Campaign closing 2:00pm (AEDT) on Thursday, 14 October 2021.

Remember to mention you found this property on DevelopmentReady.com.au

DEVELOPMENT SITE SUMMARY
EOI:
EOI:
Closing 2:00pm (AEDT) on Thursday, 14 October 2021
Property Area
AREA:
30100 m² (*approx)
Property Type
TYPE:
Commercial, Residential, Mixed Use, Greenfield / Land Site, Retail / Shopping Centre, Greenfield / Land Site, Retail / Shopping Centre
Development Potential
DEVELOPMENT APPROVAL:
Exciting Development Opportunity (STCA)

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Riverwalk Town Centre Cnr. Princes Highway & Newmarket Road, Werribee, VIC, 3030

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