Name: Pad Sites 1 & 2, 1-15 Banchory Ave, Hillside, VIC 3037
Address: Pad Sites 1 & 2, 1-15 Banchory Ave , VIC, Hillside, VIC, 3037
Telephone: +61 418 516 056

+8 Photos

Pad Sites 1 & 2, 1-15 Banchory Ave, Hillside, VIC 3037

Properties / Buy / Victoria / Hillside

Development Potential

1. Property Summary

Property Type

Commercial, Child/Healthcare

Sub Type

Other, Retail/Shopping Centre, Land Site, Child Care

Land Area

2,512 m² (*approx)

Selling Method

Private Sale: Contact the Stonebridge Team

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2. Property Highlights

Two High Exposure Retail Pad Sites Within Woolworths Banchory Grove Shopping Centre

2 x Retail Pad Sites
Within Woolworths Banchory Grove
Purchase Separately or Together

Stonebridge Property Group is pleased to present for sale Pad Sites 1 and 2, 1-15 Banchory Avenue, Hillside Offered for sale separately or in-one-line.

These two retail pad sites are situated at the highly exposed corner of Melton Highway and Banchory Avenue.

Both allotments are within the soon to be completed Banchory Grove Shopping Centre, anchored by a Woolworths supermarket, the only full-line supermarket in the primary catchment.

- Pad Site 1: 1,299 sqm* land size

- Pad Site 2: 1,213 sqm* land size

The key highlights of the opportunity include:

- 2x retail pad sites within the Woolworths anchored Banchory Grove Shopping Centre, currently under construction, featuring strong sales forecasts

- Highly exposed location with frontage to Melton Highway, boasting over 31,000 vehicles passing daily^

- Development opportunity includes childcare, QSR, swim school, car wash and food/drink premises (STCA)

- Located within the City of Melton, poised for significant population growth, with forecasts of 102.22% increase by 2046^^, further enhanced by the nearby Plumpton PSP and Koroit PSP, underpinning the growth and demand for retail

- Main trade area within a 3 km* radius is 50,600 people* with a total retail spend of $916million^^^, which are strong metrics supporting retail at this location

- Limited competition for retail nearby, being one of the only Commercial 1 Zone landholdings in the vicinity, making this one of the major retail sites servicing the area

- Highly established residential area, home to excellent education institutions including Cana Catholic Primary School (275 m*), Sydenham Hillside Primary School (1.1 km*) and Copperfield College (1.5 km*)

Pad Sites 1 and 2, 1-15 Banchory Avenue, Hillside are offered for sale separately, or in-one-line via Expressions of Interest closing Wednesday 4th December 2024 at 2PM (AEDT). To obtain further information, or to arrange an inspection, please contact the exclusive selling agents:

Julian White

0422 764 137

Lucas Gentile

0418 516 056

Chao Zhang 张超

0411 625 068

* Approximately

^ VicRoads (2024)

^^ forecast.id (2024)

^^^ Location IQ (2024)

Property Code: 1120

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