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OUR MOST VIEWED DEVELOPMENT SITES Q1 2023 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 Managed by Bellcourts 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 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 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 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. 39 Rockley Road, South Yarra, VIC 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.
12 – April / May 2023
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