Three major properties in Canberra's Gold Creek Village, owned by the Nichols family, have been put on the market, presenting a rare development opportunity in the area. The properties include the historic Gold Creek School site, a large parcel of land on Barton Highway, and a commercial building on Gold Creek Road.
Properties Listed for Sale
The three properties are being sold individually or as a portfolio, with expressions of interest closing on March 30. The Gold Creek School site, which has been vacant since 2019, is zoned for community use and could be redeveloped for educational, residential, or mixed-use purposes. The Barton Highway land is a 1.6-hectare site suitable for commercial or residential development, while the Gold Creek Road building houses several businesses and offers investment income.
Development Potential
According to the selling agent, the properties offer significant potential for developers due to their prime location in the growing Gungahlin region. Gold Creek Village is a popular tourist destination with restaurants, shops, and the National Dinosaur Museum nearby. The Nichols family has owned the properties for decades and decided to sell as part of a portfolio rationalization.
Local real estate experts say the sale could reshape the village, with potential for new housing, commercial space, or community facilities. The Gold Creek School site, in particular, is seen as a key opportunity for a mixed-use development that could include apartments, retail, and public spaces.
Market Context
The sale comes amid strong demand for development sites in Canberra's north, driven by population growth and infrastructure investment. The ACT government has identified Gungahlin as a priority growth area, with plans for new transport links and community services. The Nichols properties are expected to attract interest from local and interstate developers.
The properties are being marketed by CBRE Canberra, with agents highlighting the rarity of such a large landholding in a established village setting. The sale is expected to close by mid-2024.
