Market Insights


2.24ha supersite listed in Melbourne’s western capital

The last remaining chunk of Commercial 1 Zoned land within Werribee’s rapidly evolving healthcare precinct is set to hit the commercial property market.

The 2.24ha* site located at 246-248 Hoppers Lane is being brought to market by CBRE’s Hotels and Social Infrastructure teams, comprising David Minty and Sandro Peluso, in conjunction with Greg Jensz and Tim Casanelia from ICG Property.

The subject site is surrounded by several recently complete healthcare facilities and hospitals comprising some of the country’s most responsible tenancies, including Mercy Health (Werribee Hospital), St Vincent’s Private Hospital, NDIS, Women’s Health Hub, Melbourne and Victoria Universities, plus others. An adjacent site is permitted for a major factory outlet centre, scheduled to begin construction later this year. 

The substantial landholding offers triple street frontage with over 200m of exposure to Princes Highway, which sees over 19,000 cars pass the property daily.

Mr Jensz said; “Werribee is the clear business capital of Melbourne’s burgeoning western region, and it is not hard to see why. The property is at a major ‘gateway site’ to the area and is the first property available off the Princes Highway from both the Melbourne and Geelong exits.”

Mr Peluso commented; “The number and size of the healthcare offerings within walking distance are truly remarkable. Werribee rivals many of the country’s largest healthcare hubs, including those in the centre of the CBD such as North Melbourne. Couple this with a forecast population growth of 87% by 2041, and the outlook really is very positive for the location.”

Mr Minty added; “The site lends itself perfectly to a number of single or mixed-use outcomes, with the area very well suited to an office or serviced apartment offering to complement all of the surrounding hospital and university amenity.”

The property is being offered for sale via International Tender, closing July 22, 2020, at 3pm.

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