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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.<\/p>\n
“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.<\/p>\n
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.<\/p>\n
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Surrounding occupiers include Coles, Dan Murphy’s, KFC, Planet Fitness, The Salvation Army and Lake Imaging.<\/p>\n
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.<\/p>\n
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.<\/p>\n
“A permit-approved childcare offering in this location provides a genuine opportunity to capitalise on that demand immediately,” he said.<\/p>\n
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With over $1bn of development underway across the precinct, Armstrong Creek is rapidly maturing into a key commercial and retail hub for the region.<\/p>\n
Sites that are development-ready, with contributions paid and services secured, are particularly attractive in the current environment given the ability to accelerate delivery.<\/p>\n
10 Rivernook Street, Armstrong Creek is being offered for sale via expressions of interest.<\/p>\n
They close on Tuesday 30 June at 4pm.<\/p>\n","protected":false},"excerpt":{"rendered":"
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 […]<\/p>\n