Developer Cedar Woods has further cemented Williams Landing as an emerging commercial hub in Melbourne’s west with the completion of a $27 million strata office development at the site.

The office project at111 Overton Road sold out prior to building construction commencing and incorporates 47 office suites.

According to Cedar Woods, it has been popular with a range of owner-occupiers, including lawyers, accountants, financial planners, recruiters and educational support services. 

The building also incorporates a 1,525 square metre medical centre on the ground floor, increasing access to quality primary healthcare for the wider community, including a general practice as well as dentistry, pathology, and radiology services. 

The medical centre, which is leased to a subsidiary of national medical services provider Cornerstone Health Pty Ltd, and trading as ‘Our Medical Home’, was sold to Barwon Investment Partners Pty Ltd for $8.2 million earlier this year. 

The completion of 111 Overton Road was celebrated by Wyndham City Council Mayor, Cr Mia Shaw, and Cedar Woods state manager for Victoria, Lloyd Collins. 

Mr Collins said the record sales success of 111 Overton Road demonstrated the strength of the commercial market in Melbourne’s western corridor, as investors and businesses looked for premium office accommodation in attractive communities with a good balance of rental yield and capital price growth. 

“For small and medium-sized businesses, there’s a growing need for quality office space that offers access to good public transport connections and local amenities," he said.

"Williams Landing provides an array of amenities such as the shopping centre, connectivity to the train station and direct access to the Princes freeway, all of which contribute to the community’s attractiveness as a commercial destination. 

“Strata offices continue to be a highly sought-after product – many businesses are looking to invest due to the potential for significant capital growth and rental yields. 

“We achieved great early interest in the project, from businesses looking to purchase their own premises, and also from investors, both local to the area and beyond.” 

Wyndham Mayor Cr Mia Shaw said that 111 Overton Road was a great addition to the growth of the Williams Landing commercial precinct. 

“On behalf of my councillor colleagues and the people of Wyndham it was great to celebrate the official opening of this flagship development at Williams Landing,” she said.

“This is a wonderful opportunity for our city, not only a great addition to this emerging commercial precinct, the ground floor will also provide our residents with additional access to quality healthcare providers.” 

Wyndham City Council Mayor, Cr Mia Shaw, and Cedar Woods state manager for Victoria, Lloyd Collins. Source: Cedar Woods

Businesses that have recently moved into 111 Overton Road include Equalen Pty Ltd, an accounting, tax and business advisory service, Pointax, chartered accountants and business advisors, Smart Loan and Conveyancing, a complete financial solutions provider, and BrainBuilder, offering a holistic approach to maths education for children. 

Ajay Pai, managing partner of Equalen, chose to move his business to Williams Landing after becoming a resident two years ago, recognising the opportunity to capitalise on the area’s growth prospects. 

“As a resident of Williams Landing, I believe the area has great potential to become a major hub of commercial activity. Set to evolve exponentially, I think having an office in Williams Landing will help to grow my business,” he said.

“There are many factors that add to Williams Landing’s appeal – it’s close to the shopping centre and offers great road and rail connections, making both the city and Geelong easily accessible.” 

Cedar Woods is now selling strata office suites at 101 Overton Road which has commenced construction and currently over 60 per cent sold. 

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