Rare permit-ready Armstrong Creek Town Centre childcare site hits the market

10 Rivernook Street, Armstrong Creek comprises a 1,938sqm vacant landholding positioned within the tightly held precinct two of the Armstrong Creek Precinct Structure Plan. INSET: Chris Nanni, auctioneer and senior executive at Colliers Geelong, said opportunities to secure a permit-approved site of this scale within the Armstrong Creek Town Centre are increasingly scarce.

A PERMIT-approved childcare development site in the heart of Armstrong Creek Town Centre has been brought to market, offering developers and investors a rare opportunity within one of Victoria’s fastest-growing growth corridors.

Colliers Geelong has listed the 1,938sqm vacant landholding at 10 Rivernook Street, which holds approval for a double-storey, 122-place childcare centre.

Positioned within precinct two of the Armstrong Creek Precinct Structure Plan, the commercial 1-zoned site also offers flexibility for a range of retail, food and beverage, trade supply and other commercial uses (STCA).

10 Rivernook Street, Armstrong Creek comprises a 1,938sqm vacant landholding positioned within the tightly held precinct two of the Armstrong Creek Precinct Structure Plan.

Chris Nanni, auctioneer and senior executive at Colliers Geelong, said opportunities to secure a permit-approved site of this scale within the Armstrong Creek Town Centre are increasingly scarce.

“The combination of a ready-to-deliver childcare scheme and flexible zoning provides incoming purchasers with both certainty and versatility in a high-demand location,” he said.

Positioned directly behind McDonald’s and opposite HMC Capital’s new $43m Woolworths-anchored development, the site sits at the centre of a well-established retail and services precinct.

Surrounding occupiers include Coles, Dan Murphy’s, KFC, Planet Fitness, The Salvation Army and Lake Imaging.

The property also benefits from a wide 63m frontage and direct access to the Surf Coast Highway, which accommodates about 29,000 vehicles per day, providing strong exposure and connectivity.

Colliers Geelong branch manager Ben Young said Armstrong Creek continues to experience strong population growth, and with a projected 55,000 to 65,000 residents upon completion, there is increasing demand for childcare, retail and allied services.

“A permit-approved childcare offering in this location provides a genuine opportunity to capitalise on that demand immediately,” he said.

With over $1bn of development underway across the precinct, Armstrong Creek is rapidly maturing into a key commercial and retail hub for the region.

Sites that are development-ready, with contributions paid and services secured, are particularly attractive in the current environment given the ability to accelerate delivery.

10 Rivernook Street, Armstrong Creek is being offered for sale via expressions of interest.

They close on Tuesday 30 June at 4pm.