Former college campus offers development opportunity
Residential, retail and industrial companies are looking for developable land outside the expensive Sydney metropolitan area, where supply is limited.
Developers say improvements in transport and infrastructure in regional districts have made the areas attractive, particularly for larger-scale distribution facilities and retail bulky goods businesses.
The total area of the site is 12,500 square metres and comprises six buildings, including a church, a convent, various educational rooms and three tennis courts.
No price was disclosed, but land in the area has been sold recently in the vicinity of $200 per square metre.
The sale follows the amalgamation of Marian College with St Patrick's College to become Trinity College, Goulburn, which was relocated in 2000.
Selling agent Chris Veitch, of Colliers International, said the property had become surplus to the Catholic Mission's requirements, and there was development potential given the flexible "B3 Commercial Core" zoning that allowed for a range of uses.
"This is a substantial landholding right in the centre of town. We expect interest from [those] who could reuse the existing buildings, or redevelop the site as required," he said.
The co-selling agent is Peter Mylonas Property Services.
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The site is the former Marian College campus in Goulburn, a substantial landholding in the centre of town that has been listed for sale and is expected to attract a range of investors and developers.
The property covers about 12,500 square metres and comprises six buildings including a church, a convent, various educational rooms and three tennis courts.
The site is zoned B3 Commercial Core, a flexible zoning that allows a range of uses, which sellers say gives the property significant development potential for different commercial or mixed uses.
Colliers International's Chris Veitch is the selling agent, with Peter Mylonas Property Services as co-selling agent. The property was put on the market after it became surplus to the Catholic Mission's requirements following the amalgamation that formed Trinity College, Goulburn.
Residential, retail and industrial companies are expected to show interest, particularly developers seeking developable land outside the expensive Sydney metropolitan area and businesses looking for sites suitable for distribution facilities or bulky goods retail.
No sale price was disclosed, but land in the vicinity has recently been selling for around $200 per square metre, which provides a local market reference point.
Developers say improvements in transport and infrastructure in regional districts have made these areas more attractive, especially for larger-scale distribution facilities and retail bulky goods businesses that need more space than inner-city sites.
Agents expect interest from parties who might reuse the existing buildings as-is or undertake a full redevelopment of the 12,500 sq m site to suit commercial, retail or industrial needs, thanks to the flexible B3 Commercial Core zoning.
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