THE PROPERTY DEVELOPMENT REVIEW
DEVELOPMENT SITE
LAKE MACQUARIE | NSW
FORMER NEWCASTLE REGION BUNNINGS WAREHOUSE SITE PRIME FOR DEVELOPERS & OWNER OCCUPIERS Colliers are excited to present a rare opportunity for an investor, developer, or owner-occupier to reposition or develop a former Bunnings Warehouse, 15km south of Newcastle CBD and 103km north of Sydney CBD. The current built form, a 12,820m² former Bunnings Warehouse situated on an expansive land holding of 40,380m², provides excellent repositioning opportunity for industrial, retail or mixed-use usages (STCA). The opportunity is bolstered by the prime location within an established commercial/industrial precinct with the main trade area retail spending forecast to reach $3.38 billion by 2041.¹ • 12,820m² existing warehouse providing construction efficiencies • Expansive land uses under MU1 Mixed Use & E3 Productivity Support Zoning • Prime location along Pacific Highway providing high visibility and access via signalised intersection • Repositioning opportunities for industrial, retail or mixed-use (STCA) Expressions of Interest closing 2.00pm (AEDT) on Wednesday, 6th March 2024. INTRODUCTION
oundary are indicative only
Colliers are excited to offer for sale 393 Pacific Highway, Belmont North, a strategically positioned Property providing investors, owner occupiers and developers a wide array of repositioning, and development opportunities, under favourable zoning.
EXPANSIVE 4.038-HECTARE SITE
ATTRACTIVE ZONING
EXCELLENT REPOSITIONING OPPORTUNITY
¹LocationIQ 2024 Subject to council approval (STCA)
JAMES WILSON Head of Retail Middle Markets Australia +61 402 079 304 James.Wilson@Colliers.com
BEN WILKINSON Manager, NSW Retail Middle Markets +61 449 928 840 Ben.Wilkinson@Colliers.com
Executive Summary EXCLUSIVE SALES AGENTS Investment Highlights
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Location
A STRATEGICALLY LOCATED EX - BUNNINGS SITE, POSITIONED ALONG THE PACIFIC HIGHWAY IN BELMONT NORTH, FEATURING FAVOURABLE ZONING AND A WIDE RANGE OF 12 14 18 20 22 24 26
Major Infrastructure Projects
Site Details
Site Repositioning
Trade Area Highlights
Trade Area Description
February /March 2024 – 39
Belmont North – Community
Population And Economy – Lake Macquarie
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