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EXPRESSION OF INTEREST (EOI) Industrial land Significant development site Frontages to Kiewa Valley Hwy and Mcgeochs Rd Zoned industrial 1 EXPRESSION OF INTEREST (EOI) Contents Introduction 4 The opportunity 4 The city 4 Strategic location 4 Population 5 Central Business Area 5 The economy Economic and employment data 6 Construction and residential growth 7 The site 8 Site details 9 Council objectives 9 Expression of interest 10 Evaluation 11 Process 11 Introduction The opportunity This call for Expression of Interest (EOI) is your opportunity to secure a significant development site in Wodonga’s growth corridor. The site is adjacent to the former Wodonga saleyards and represents an area of approximately 36.8 hectares of Industrial 1 zoned land. The unique location and size of this site highlights the potential for a range of uses in one of the fastest growing regions in regional Victoria. The high-profile site has exceptional road access to the Murray Valley and Kiewa Valley highways and is located seven kilometres from the Hume Freeway via the Bandiana Link Rd, and six kilometres from Wodonga’s central business area (CBA). This development opportunity has the potential to enhance the viability of local industry, attract and retain new manufacturing operations, create jobs and support local innovation. The city Strategic location The Wodonga region is well-recognised as a strategic hub along the eastern seaboard. Its proximity between Australia’s two largest cities - Melbourne and Sydney - provides it with key strategic advantages. The extensive transport network allows access to the northern, southern and western corridors of the eastern seaboard and, in turn, access to the whole of Australia. More than 75 per cent of Australia’s population can be reached by next-day transport haul. A regional airport is also located just 10 minutes from Wodonga, providing regular and quick access to Melbourne, Sydney and Brisbane. Servicing and supporting a broader regional catchment of approximately 180,000 people, Wodonga provides access to essential infrastructure, health and professional services, business, employment, education, culture, sports and recreation. 4 Population Wodonga is North East Victoria’s largest city and combines the necessities and luxuries of a capital city with the appeal of a provincial city lifestyle. The city has a population of approximately 41,666 residents and services a regional catchment of 180,000 people. Combined with its twin city Albury, Wodonga is Australia’s 20th largest city and has a population of almost 93,768. Wodonga’s population is forecast to exceed 57,000 by 2036, growing at an average annual rate of 1.8 per cent. 70,000 60,000 57,314 52,824 48,585 50,000 44,276 40,000 30,000 20,000 10,000 0 2021 2026 2031 2036 Figure 1: Forecast Population - Wodonga Source: Forecast.id Central Business Area Wodonga’s CBA has undergone a period of significant development, with the removal of the former railway line opening up more than 10 hectares of land for development. Significant infrastructure works have already been undertaken to revitalise the CBA, including the realignment and reconstruction of existing roads, the creation of new roads, and works to encourage the pedestrianisation of the area Wodonga Council is committed to fostering a CBA that is seen as the meeting place and heart of the city, which contributes to social, cultural and artistic outcomes. Junction Place is an exciting urban renewal project bringing to life the former railway station site in central Wodonga. This project has seen the transformation of historic buildings into new and vibrant businesses, and the construction of public open spaces - Junction Square, Richardson Park and Sidings Park. Junction Place has major development plans over the next 10 years including a new market hall, residential homes, offices and shops and services, including a cinema and hotel. 5 The economy Economic and employment data There are more than 2794 businesses in Wodonga that fuel the local economy. Wodonga’s economy has performed strongly over the past five years. The region’s resilience and diversity has allowed it to successfully negotiate global economic conditions. The strength of the regional economy is a testament to the flexibility of local businesses in adapting to the environment and their willingness to embrace innovation. At June 2018, Wodonga’s gross regional product was valued at $3.24 billion. In terms of value-add activity, public administration and safety is the largest performing sector in Wodonga, generating $612 million each year. Wholesale trade $98 Financial and Insurance Services $114 Retail Trade $139 Transport, Postal and Warehousing $160 Education and Training $183 Health Care and Social Assistance $248 Construction $296 Rental, hiring and real estate services $345 Manufacturing $404 Public administration and safety $612 $0 $100 $200 $300 $400 $500 $600 $700 $ million Figure 2: Value add by sector - Top 10 - Wodonga Source: REMPLAN (June, 2018) Wodonga’s employment base is underpinned by several strong industries giving it a stable base and diversity. Health care and social assistance is the largest sector in Wodonga providing 14.4 per cent of local jobs, and public administration and safety provides 13.2 per cent of jobs. 6 Wholesale Trade 2.6% Professional, Scientific and Technical Services 3.6% Administrative and Support Services 3.6% Other Services 4.2% Accommodation and Food Services 5.5% Transport, Postal and Warehousing 5.9% Education and Training 9.0% Construction 10.1% Re tail tra de 10.1% Manufacturing 11.8% Public Administration and Safety 13.2% Health Care and Social Assistance 14.4% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% Figure 3: Employment by sector - Wodonga Source: Census 2016 Construction and residential growth Business confidence remains high in Wodonga, with the value of construction in the 2018-2019 financial year exceeding $146 million on the back of a strong domestic housing market. In 2019, 297 houses were developed in Wodonga and 336 lots were released. Housing growth is expected to continue with an extensive surplus of conducive, flat land in Wodonga’s growth corridors and a solid forecast population growth rate. 600 500 511 400 428 398 336 300 323 270 257 200 212 206 178 100 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 No. of lots released No. of houses No. of units Figure 4: Residential development activity Source: Wodonga Council 7 The site QUICK FACTS Located east of the city In Wodonga’s Zoned Industrial 1 Approx 6 kms from the 36.8 ha growth corridor CBD, 7kms from Hume Fwy via Bandiana Link Kiewa Valley Hwy Murray Valley Hwy 8 Site details Vacant land (adjacent to the former saleyards) Size: 368,000m² Zoning: Industrial 1 Frontages: Kiewa Valley Highway – 521.88 metres Mcgeochs Rd – 464.30 metres To Wodonga 6 kms Whytes Rd Murray Valley Highway Former saleyards site Kiewa Valley Highway 50,000m² Mcgeochs Rd Site 368,000m² Industrial 1 The site is largely cleared for farmland. Some significant remnant trees exist, which are mainly clustered in the north-west corner of the site. A major power zone-substation exists approximately 550 metres to the south east, which offers the potential for a major supply or receiving of power. Council objectives The principal objectives of Wodonga Council are: 1. Timely development of the site. 2. Maximise financial return to council and an acceptable contractual risk profile for council. 3. Ensure the proponent has the financial capacity to purchase the site, and the financial capacity, experience and skills to carry out the development. The proposal must demonstrate how the proponent intends to advance each of these objectives. 9 Expression of interest Timetable Description of the proposed development This invitation is issued on July 1, 2020 and A written statement setting out: proposals must be submitted by 3pm on Tuesday, July 21, 2020. Short-listing of proposals will be 1. A detailed description of the proposed activity undertaken within two weeks of the closing date. to occur on the land; Shortlisted expressions of interest may be asked 2. Details of the proposed development; to provide additional information. 3. Details of the proposed tenants (if applicable); 4. Indicative timelines for acquiring the land, Each proposal must be in writing and must include substantially commencing any proposed a completed, signed and dated registration form development and practically completing any which contains the following information. development; and, 5. Any other information considered relevant by Key contract terms the proponent. A written statement setting out: 1. Price, terms of payment (including the deposit); 2. Any other special conditions which form part of the terms on which the proponent is prepared to acquire and develop the land; and, 3. Any fundamental assumptions underpinning the offer. 10 Evaluation Process All proposals must: In assessing each proposal received, the council a. Contain all of the information required within will use the following evaluation criteria (not listed the attached expression of interest document; in any order of importance and not necessarily b. Be placed in a sealed envelope clearly marked: being accorded equal consideration) to assess the proponent’s ability to meet council’s objectives: Chief Executive Officer Expression of Interest 1. Timely development of the site. Wodonga City Council 2. Maximise financial return to council and an 104 Hovell St, Wodonga 3690; and, acceptable contractual risk profile for council. 3. Ensure the proponent has the financial c. Be lodged in the tender box at council’s offices capacity to purchase the site, and the at 104 Hovell St, Wodonga 3690 by no later financial capacity, experience and skills to than 3pm on Tuesday, July 21, 2020. carry out the development.
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