PRIME COMMERCIAL DEVELOPMENT OPPORTUNITY

Property Description

Significant 4,000m²* Commercial 2 Zone Surrounded by major national retailers With Commercial 2 Zone (C2Z) zoning and a substantial landholding of approximately 4,000m², this site presents an exceptional opportunity for developers and investors seeking exposure within one of Victoria's fastest-growing regional markets. • Significant 4,000m²* Commercial 2 Zoned (C2Z) landholding • Prominent High Street location within Wallan's established commercial hub • Approximately 40 metres frontage and 100 metres depth • Surrounded by major national retailers including Woolworths, Coles, Aldi, McDonald's, KFC and BP • Flexible development potential suitable for retail, medical, showroom, childcare, fast food, service station and mixed commercial uses (STCA) • All services attached • Rare opportunity to secure one of Wallan's most strategic commercial development sites Growth Potential: Current Main Trade Area (MTA) population of 17,020, projected to grow to 50,200 by 2041 (5.9% per annum) MTA retail spend expected to increase from $256.4 million to $1.2 billion by 2041 (8.5% annual growth) Surrounded by major residential developments including Frasers Wallara Waters' estate, Newbridge, and Wallan East PSP