As we step into Q2 2023, we take a retrospective look over the quarter that has passed, sharing with you our most viewed and enquired listings on DevelopmentReady over the quarter.
In no particular order, we present our ten most popular listings of Q1:
Harewoods Road, Dalyellup, WA 6230 - Bellcourt Property
Managed by Bellcourt's Nick Wallace, this Western Australian asset is a once-in-a-lifetime opportunity. Sitting on 77.13 hectares, with a yield of 1,116 lots, while still only 15 minutes south of Bunbury CBD, made this site highly desirable to WA developers. Additionally, the site is just over an hour from the renowned Margaret River wine region, adding to value-add options.
Queenscliff Harbour, 1 Harbour Street, Queenscliff, VIC 3225 - JLL & LAWD
This waterfront asset, managed by JLL's Josh Rutman, Nick Macfie and Pater Harper in conjunction with LAWD's Darcy Tobin and Danny Thomas, is strategically positioned at the gateway of the Queenscliff - Sorrento ferry connection. With an area of 6.84 hectares, a net operating income of approximately $2.24 million, and a mere 30km from Geelong's CBD, it is no surprise that this asset was one of our most viewed from Q1.
12 Boyle Street, Balgowlah, NSW 2093 - Upstate Commercial
This boutique DA-approved residential site, managed by Upstate Commercial's Oliver Rosati and Vincent West, proved to be an attractive offering for NSW developers. Found in a prime coastal setting within 200m of Balgowlah Village and three minutes from the famous Manly Beach, this boutique collection of six properties is designed to meet the increasing demand for high-end, low-maintenance luxury residences.
22-60 Shaw Road, Shaw, QLD 4818 - Burgess Rawson
A substantial 20-hectare Shaw site, managed by Burgess Rawson's Campbell Bowers, Michael Hooper and Neville Smith, held a DA approval for a 44-lot subdivision with lots ranging from 1,500 sqm to 4,000 sqm. Favourable Medium Impact Industry zoning accommodates industrial uses, complementing the size of both the site and its lots. Additionally, the site is positioned within close proximity of the expanding residential growth corridor of Greater Ascot and Cosgrove, adding to developer interest.
The second residential site to feature is this apartment complex located in Melbourne's south. Managed by CVA's Ian Angelico and Daniel Philip, this is the first time the asset has been on the market in 40 years, housing 13 residences on a compact 988 sqm site that generates a holding income of $388,00 p.a. Additionally, the site is found within a General Residential Zome-Schedule 5, giving prospective developers the flexibility to renovate or transform the asset as they see fit.
7,8 & 45 Glenfield Beach Drive & 927 Chapman Road, Glenfield, WA 6532 - Ray White
This behemoth 161-hectare site managed by Ray White's Brett Wilkins and Phil Zoiti was a second WA site that garnered one of the most views from the quarter. Located in a region with $9.785 billion of planned infrastructure projects in the near future, many forward-thinking developers had interests piqued due to the site's sheer land size, approved structure plan for 1,800 lots with flexible densities ranging from R25 - R80, and seaside location.
75A Angas Street & 14-22 Moore Street, Adelaide, SA 5000 - Knight Frank
A landmark Adelaide CBD development site, managed by Knight Frank's Oliver Totani and Jack Dyson, was one of our most viewed sites from SA over the quarter. Sitting within a Capital City Zoning area, enabling a development height of up to 22m, allowing for a range of development options. Additionally, the site also retains a valuable holding income and has a combined site area of 3,458, making it a high-interest listing for SA developers.
47 Walmsleys Road, Bilambil Heights, NSW 2486 - Kollosche
This rare 19.38-hectare subdivision found just south of the QLD / NSW border turned many developer heads. Managed by Kollosche's Adam Grbcic and Tony Grbcic, the site holds an R1 General Residential & R5 Large Lot Residential Zoning, allowing developers to capitalise on a blank canvas in a growing region with lots ranging from 450 sqm to 1 hectare.
Tropicana Motel, 2595 Gold Coast Highway, Mermaid Beach, QLD 4218 - CBRE
Found in one of the Gold Coast's most prestigious beachside suburbs, this high-density development site houses a 17-room motel, providing a stable holding income for the purchasing developer. Represented by CBRE's Mark Witheriff and John Nucifora, the 1,593 sqm site is within a one-kilometre radius of some of the Gold Coast's major lifestyle landmarks, such as The Star Casino, Pacific Fair Shopping Centre and the Oasis Shopping Centre, which proved to be an attractive notion for many developers.
218-232 Flinders Strete, Adelaide, SA 5000 - Knight Frank
Our second SA listing that proved popular, similar to the previous SA listing, is an Adelaide CBD development site with Capital City Zoning. Also managed by Knight Frank's Oliver Totani and Jack Dyson, this 2,093 sqm site provided a development height of up to 53 metres, while at the interest of many developers, having zero stamp duty payable. Due to its size, location and zoning, the site suited a range of uses, which proved to be of great interest to developers in SA.
This DA-approved inner-Sydney development site turned many developer heads with approval for a 25-room boarding house and a land tax exemption. Managed by Colliers' Tom Appleby and James Cowan, this R1 General Residential Zoned corner site came with four individual lots, allowing for a range of development options in a sought-after suburb, making it rather attractive for prospective developers.
As you can see, Q1 was full of some incredible listings, with a range of opportunities suited to developers big and small. If you want to keep up-to-date with the latest listings for Residential, Commercial, Child/Healthcare, Industrial, Agriculture/Rural, and Mixed Use asset classes, be sure to click the links.
