A redevelopment site, formerly the Marian College campus in Goulburn, has been put on the market and is expected to attract a range of investors and developers.
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.