Saleyards on market
By Yvette Brand
The Warragul Saleyards site is up for sale as a prime piece of commercial real estate.
With the Victorian Livestock Exchange no longer holding sales at the Alfred St facility, owners Bill and June Dineen are selling the site.
The sale will be by expression of interest to Traralgon based agency Wilson Property.
The 16,694 square metre property is advertised as a strategic central business district fringe development site.
The site is zoned commercial.
Wilson Property principal Ben Wilson said the sale would be advertised nationally.
Mr Wilson is confident the site will attract a lot of attention and interest.
“There is good interest in development sites in general in Warragul. There is a housing and development boom in Warragul at the moment,” he said.
Mr Wilson said the property was perfectly located and of adequate size to cater for bulky goods or retail development, office accommodation or medical services.
He said any development on the land would be subject to Baw Baw Shire Council planning approvals.
The property is advertised as being on a busy main road location opposite the upgraded Warragul rail precinct.
The Dineen family purchased the property in 2001 from Warren Turner after a dispute between Mr Turner and livestock agents.
VLE leased the land in July 2018, with the lease set to expire this year.
VLE announced its intention to abandon the site in September 2019 when it told agents all sales at Warragul would end three months later.
VLE later provided a reprieve to agents, allowing fortnightly dairy sales and weekly calf markets to continue until the end of March this year.
The site has not been used for sales since and VLE has removed its infrastructure from the property.
Expressions of interest close on June 25, unless the property is sold beforehand.