Woolworths Wodonga distribution centre listed for sale

A Woolworths regional distribution centre in the Victorian hub of Wodonga has been listed for sale with offers closing November 11.

Colliers International’s Tony Iuliano and Gavin Bishop, in conjunction with CBRE’s Chris O’Brien and Matt Haddon, have been appointed to sell 28 Bilston Drive, Wodonga.

The 57,500 sqm property situated in a strategic logistics location between Sydney, Melbourne and Adelaide.

“This regional distribution centre services all of Canberra, regional Victoria and regional New South Wales,” Mr Iuliano said. 

“With a long term lease to Woolworths Ltd, combined with the location within a growing logistics and freight hub, this property will be highly sought after by both offshore and domestic buyer groups."

The property is also close to a new $39 million regional freight hub being developed by Australia’s largest private rail operator, SCT Logistics.

Constructed in 2005, the property is zoned Industrial 1 under the Wodonga Planning Scheme.

Mr Bishop said there was an outstanding appetite for Australian logistics assets from both local and offshore buyer groups. 

“In the last 18 months alone, 13 major distribution centres have been sold for a combined $938million, and this does not even include the $1billion GIC/Frasers Property Australia portfolio.”