Gross Waddell ICR, with Charter Keck Cramer acting as Transaction Advisor, exclusively presents for sale 753-757 C 761 Ballarat Road, Deer Park, a momentous site offering unparalleled development opportunity ideally suited for a large-scale ÇȘSR, LFR, industrial and/or commercial project (STCA).
Danny Clark, Alex Ham, Raff De Luise and Glenn Ye have been appointed as sole agents to sell the property, with Tze Chiang Goh and Peter Kirkpatrick as Transaction Advisor. Selling on behalf of Orica, the Expressions of Interest closes on Thursday the 5th of June 2025.
A flexible Commercial 2 Zone (C2Z) development site, the property offers 4 individual titles ranging from 2,023 sqm* to 28,039 sqm* providing ultimate flexibility to acquire the titles individually or collectively. Benefitting from over 420 m* of prime Ballarat Road frontage with a massive 61,000 vehicles passing daily, the property offers ideal connectivity to Deer Park train station and immediate access to the Western Ring Road.
Danny Clark commented, âGiven the significant scale and premium frontage to Ballarat Road, this gateway infill development is ideally suited for a ÇȘuick Service Retail (ÇȘSR), Large Format Retail (LFR), industrial and/ or commercial project (STCA). This property is already attracting significant interest from private and institutional developers looking to capitalise on a strong sectorâ.
Alex Ham adds, âThe area is becoming a premium destination with the new addition of Costco merely 500 meters from the site and benefits from surrounding projects including Sunshine Energy Park, Development Victoriaâs Cairnlea Project, and the proposed Airport Rail Link. Plus, Oricaâs sale of 66 haâs to UniSuper has potential to accommodate over 340,000 sqm of prime logistics and warehouse space, further driving demand to the precinctâ.
âWe continue to see strong investor demand for end product within the large format retail (LFR) sector. This demand is driven by factors like population growth, city sprawl, and increasing consumer spending. LFR centres, which offer a destination shopping experience with ample parking and a variety of stores, will continue to attract both investors and consumersâ adds Glenn Ye.
The property is for sale via an Expressions of Interest closing 3:00 pm on Thursday the 5th of June 2025 at 3pm.
Further details contact:
Danny Clark
M: 0448 066 889
E: dclark@gwicr.com.au
Alex Ham
M: 0410 545 226
E: aham@gwicr.com.au
Glenn Ye
M: 0400 880 388
E: gye@gwicr.com.au
Raff De Luise
M: 0418 533 633
E: rdeluise@gwicr.com.au
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