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Little River,
Victoria
Commercial Case Study
Land and Business Acquisition in Little River, VIC
An agricultural owner-occupier was looking to establish their footprint in the Lara/Little River/Avalon region. Initially, the search focused on industrial-zoned land, but the limited supply and high costs made the venture less feasible.
Opportunity:
Through Performance Property’s town planning connections, it was determined that land zoned ‘Farming’ and ‘Green Wedge’ would be suitable for the client’s requirements. This allowed the acquisition of a much larger parcel of land at a significantly lower cost. The property at Little River, VIC, featured a private airfield, a renovated dwelling, and extensive water storage, making it ideal for the client’s needs.
Outcome:
This property was secured on the market, allowing our client – the buyer, to establish business operations while land banking a significant parcel in a major growth corridor between Melbourne and Geelong.
Following the acquisition, the buyer received offers reflecting a 40-50% uplift in price, even before settling on the property.
Acquisition Overview
Little River, VIC 3211
Type: Principal Place of Business/Land Bank
Land: 93.8 HA
- 4.5 km from the centre of Little River township
- 4 Bed x 2 Bath renovated dwelling
- Private Airfield (Little River / YLRV) with two runways
- 5 Bay open machinery shed
- 150,000 litres of tank water
Purchase Price: $6,800,000
$/m2 Land Area: $7.25/m2
Contract: Unconditional
Deposit: 10%
Settlement: 12 months
Client Experience:
For our client, this acquisition provided a strategic solution that met their business needs while offering significant future value appreciation. Our expertise in town planning and market insights was crucial in identifying a suitable and cost-effective land option. The comprehensive support and strategic approach ensured a successful acquisition and immediate growth in asset value.
The Performance Advantage
Performance Property’s ability to identify alternative zoning opportunities and negotiate advantageous terms resulted in securing a large, strategically located land parcel for our client. This case study exemplifies how Performance Property not only focuses on financial metrics but also prioritises building lasting relationships and delivering tailored solutions that align with clients’ personal and financial goals.