45ha NSW South Coast retail development site listed for $13m+
A rare large-scale development opportunity on the NSW South Coast has been brought to market, tipped to become the region’s dominant large-format retail and hardware precinct.
The 45-hectare property in Millingandi is being offered for sale via an expressions-of-interest campaign and is expected to attract offers in excess of $13 million.
Positioned on the Princes Highway, approximately 23 kilometres from Bega and 183 kilometres south-east of Canberra, the site comprises two titles, including 13.6 hectares of developable land supported by a progressed concept development application for a hardware and building supplies store.
Advanced infrastructure master plan and highway frontage footprint
The proposed masterplan encompasses approximately 38,050 square metres of gross floor area, supported by extensive planning, engineering and technical investigations that have already addressed access, servicing, environmental management and infrastructure requirements.
The application has already advanced key planning elements, including new access arrangements, an internal road connection between Millingandi Road and the Princes Highway and supporting assessments covering traffic, flooding, bushfire, biodiversity, acoustic performance and servicing infrastructure.
According to Jake Smith, Cushman & Wakefield’s manager of investment sales in NSW, the campaign is attracting interest from a diverse range of buyers.
“We’re seeing strong interest from private investors, developers and retail occupiers looking for opportunities that combine scale, planning progression and clear occupier demand,” Smith said.
“The Bega Valley trade area remains significantly underserved by large-format retail and hardware operators, creating a compelling investment proposition for buyers seeking exposure to a high-growth regional catchment with limited competition.”
Property-Wise partner and strategic advisor, George Tisseverasinghe, said opportunities of this scale are increasingly difficult to find.
“Opportunities of this scale and strategic positioning are exceptionally scarce along the South Coast. The site offers a unique combination of highway exposure, extensive frontage, a substantial developable footprint and a well-advanced planning pathway.
“It provides purchasers with the ability to immediately assess tenant demand and development potential while retaining flexibility for future evolution of the broader landholding,” he said.
Major retail supply gaps across the Bega Valley catchment
One of the site’s strongest selling points is its strategic position, boasting approximately 1.2 kilometres of frontage to the Princess Highway and servicing a trade area of more than 82,000 residents.
There also continues to be a significant retail gap within the catchment. There is currently no full-line national hardware retailer servicing the immediate region, with the nearest major hardware outlet located around 170 kilometres away in Batemans Bay. Likewise, Canberra Outlet Centre at Fyshwick, approximately 236 kilometres away, is the nearest dedicated large-format retail centre.
Cushman & Wakefield national director of retail capital markets ANZ, Trent Weir, said the opportunity reflects broader investment trends across regional Australia.
“Large-format retail continues to be one of the most resilient retail asset classes, supported by needs-based spending categories including hardware, homemaker, trade and automotive retailing.
“Developers are increasingly targeting locations where there is clear evidence of unmet demand, expenditure leakage and limited future competing supply. Regional markets that can support dominant retail destinations are attracting significant attention, particularly where they service broad catchments and benefit from strong spending growth and tourism drivers,” Weir said.
Expressions of interest for 74 Millingandi Road close at 4pm, Wednesday, July 22, 2026.
