CBRE, together with Ludeman Real Estate, are pleased to offer to market this ‘once in a generation’ corner site located at 42 Canterbury Road, Warrnambool VIC for sale via Expressions of Interest as part of National Portfolio 182.

The property has the following key highlights:

+ Huge, 14,634 sqm* corner site with 360m* combined frontage.
+ Irreplaceable position with direct views to the Warrnambool Botanic Gardens.
+ General Residential Zone 1 allowing significant development and repurposing opportunity for a mix of residential, aged care, childcare, leisure/education/sport facility, place of assembly/place of worship STCA.
+ The LGA features 20.4% of the population aged 65+ and 17.4% below 15 years old implying strong requirements for family services, medical and aged care.
+ Existing building improvements of 4,500sqm* include various classrooms, halls, church and offices suitable for repurposing or demolition**
+ Conveniently positioned 600m* from Warrnambool CBD which includes major national retailers Coles, Woolworths, ALDI, McDonalds, KFC, Chemist Warehouse, NAB, ANZ, CBA plus many more.
+ Warrnambool has a growing population of 36,150* and an annual economic output of $5.9* billion with huge median house price growth up 45% since 2021. (2) (3)
+ Warrnambool: Victoria’s largest coastal city with growing trade population over 100,000 plus ‘year round’ tourist surges to Great Ocean Road hotspots attracting over 2 million visitors annually. (1)

To be sold via Expressions of Interest
Closing 3pm AEDT Wednesday 4 March 2026

Please contact the exclusively appointed CBRE or Ludeman Real Estate team for more information.

* Approx
** Refer to Information Memorandum
(1) Economy.id
(2) Warrnambool.vic.gov.au
(3) Realestate.com.au
(4) Remplan