Bunnings Pays $25 Million For Doncaster Supersite

Behind these two sites, Bunnings purchased 4376 square metres of land within two properties being an open-air car park at 4 – 6 Tower Street, and former house sites between 3 – 5 Council Street. These adjoining properties were marketed last year by Colliers International’s Peter Bremner and Shane Dargue, with Dawson Real Estate Doncaster’s Robert Dawson and Ben Dawson. The agents declined to comment when contacted by BusinessDay.

The easternmost boundary of Bunnings new site is opposite Doncaster Primary School and a community theatre.

Bunnings national manager – property development Andrew Marks said the proposed development is in the early planning stages. Sources speculate construction could start construction within a couple of years.

Mr Marks says the proposed development forms part of the company’s strategy to invest and expand in metropolitan and regional Victoria. Bunning’s new Woolworths-led rival Masters opened its first warehouse in Melbourne’s west this week. Masters is aiming for a 100 stores nationally within five years.

Source speculate Bunning’s Doncaster superstore will be multi-level, like its Hawthorn store at 230 Burwood Road, and include a large underground car park.

A planning strategy known as Doncaster Hill affecting parts of Doncaster Road near the shopping centre aims to build high density housing and commercial developments along the elevated stretch of road, which offers postcard views over Melbourne’s eastern suburbs toward the CBD.

 

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.