More than 1.67 hectares of land directly opposite The Village Warralily Shopping Centre has come to the market, offering a chance to invest, occupy or develop in one of Victoria’s fastest-growing locations.
Fitzroys agents Chris James, David Bourke and Shawn Luo are marketing Lots 13, 14 and 15 Central Boulevard, Armstrong Creek, via Expressions of Interest closing Wednesday, 26 May.
Zoned Commercial 1, the lots are being offered separately or in one line and respectively total 4,000sqm, 4,733sqm and 8,004sqm, for a combined 16,737sqm.
The Village Warraliliy Shopping Centre is anchored by a full-line Woolworths supermarket and BWS, while the land also adjoins future McDonald’s, 7-Eleven and Aldi supermarket sites.
“This is an unrivalled opportunity to occupy, develop of invest in one of Victoria’s fastest-growing precincts,” James said.
Armstrong Creek is one of Victoria’s fastest growing suburbs with an annual growth rate of 7.25%, according to demographics research house forecast.id, and has a projected population of 60,000-plus once fully developed.
“Armstrong Creek is expected to accommodate the bulk of growth in the Geelong region, which has attracted Melburnians and Victorians as flexible working arrangements become more accepted and offers relative housing affordability, while the ongoing enhancement of rail and road network, new lifestyle amenity and major developments in the Geelong city centre have also played major roles.”
Armstrong Creek is expected to be home to 22,000 jobs, with a focus on technology and synergies with Deakin University, as well as community facilities with health, education and recreational service.
James said the region has attracted investment from national, listed and private groups alike, and continues to be a focus at both state and local government levels.
The $1 billion, 40ha Armstrong Creek Town Centre opened in September last year. Developed by national company Wel.Co, it has just been sold to ASX-listed Home Consortium’s Daily Needs Trust for $55.6 million.
The Victorian government is planning for a new Armstrong Creek train station as part of its $160 million commitment to expand railway line connections in the area, while Geelong Council last week confirmed it would be spending an additional $47 million in the coming years in Armstrong Creek to allow for road upgrades and other critical infrastructure.
Luo said the high-profile land offers excellent exposure to over 23,000 vehicles each day along Barwon Heads Road, according to VicRoads, and is located just 10 minutes from Geelong’s thriving city centre, near the affluent coastal township of Barwon Heads and the rapidly expanding Torquay corridor.
It is situated amongst the Armstrong Creek education precinct, featuring Armstrong Creek School, Oberon High School, Armstrong Creek East Children’s Centre and Community Hub.