Case Study: The Saleyards Warragul
The Saleyards represents the transformation of a long-established Warragul site into a new large-format retail precinct for the region.
Located at 44–56 Alfred Street, the property was formerly home to the Warragul cattle saleyards, which ceased operating at the end of 2019. The 1.67-hectare Commercial 2 zoned site sits between Warragul railway station and Logan Park and was acquired by McMullin in late 2022 as an opportunity for redevelopment.
McMullin identified the potential to reposition the redundant site for large-format retail and subsequently led the project through the full development lifecycle — from land acquisition and development strategy through planning, design, construction and leasing. Plans for a major retail development were submitted to Baw Baw Shire Council in 2023.
Completed in 2026, The Saleyards now comprises approximately 8,000 sqm of large-format retail space across five tenancies occupied by Sydney Tools, Anaconda, JB Hi-Fi, RSEA Safety and 4WD Supacentre.
McMullin retains ownership of the completed precinct, representing a long-term investment in regional large-format retail and a new chapter for a site with a longstanding place in Warragul’s commercial history.
| Project Overview | |
|---|---|
| Name | The Saleyards, Warragul |
| Industry | Large-Format Retail Property Development |
| Size | Approximately 8,000 sqm |
| Location | 44–56 Alfred Street, Warragul, Victoria |
| Tenancies | Five |
Our Role
McMullin managed The Saleyards through the complete development lifecycle, from identifying and acquiring the site through to completion and ongoing ownership.
This included:
- Site identification
- Land acquisition
- Development strategy and feasibility
- Planning and approvals
- Design coordinationCollaboration with leasing agents to secure the tenant mix
- Coordination of project consultants
- Construction and development delivery
- Coordination of individual retailer requirements
- Project completion and handover
- Long-term ownership and asset management
Designed by i2C Architects, the precinct was developed to accommodate the operational requirements of large-format retailers while creating a cohesive retail destination.
The project required close coordination across planning, design, construction, leasing and tenant requirements. McMullin remained responsible for the development throughout each stage, ensuring the completed precinct aligned with both the needs of its tenants and the long-term investment objectives for the property.
Key Features
➜ Approximately 8,000 sqm large-format retail precinct
➜ Five purpose-designed retail tenancies
➜ Five established national retailers
➜ Central Warragul location at 44–56 Alfred Street
➜ Designed by i2C Architects
➜ Tenancies coordinated around individual retailer requirements
➜ Completed large-format retail development serving Warragul and the surrounding region
➜ Developed and retained by McMullin as a long-term investment
Tenants
The completed Saleyards precinct brings together five established national brands:
- Sydney Tools
- Anaconda
- JB Hi-Fi
- RSEA Safety
- 4WD Supacentre
All five businesses are tenants of McMullin, creating a complementary retail mix spanning tools, outdoor and adventure, technology, workwear and automotive accessories.
Working collaboratively with leasing agents throughout the development process enabled McMullin to secure a tenant mix aligned with the format of the precinct and the opportunities presented by the Warragul location.
The result is a fully tenanted large-format retail asset supported by established national operators.
A Long-Term Investment in Regional Retail
The Saleyards reflects McMullin’s approach to property development as a long-term investment.
From identifying and acquiring the site through to planning, development, leasing and ongoing ownership, McMullin has maintained a direct interest in the performance and success of the precinct.
Retaining ownership also creates a longer-term relationship with the retailers operating within the development. Rather than ending at project completion, McMullin’s involvement continues through the ongoing management and stewardship of the asset.
The project demonstrates how considered property investment can respond to the requirements of national retailers while contributing new commercial infrastructure to a regional centre.
The Saleyards is a case study in end-to-end property development and long-term investment. From site identification and land acquisition through planning, delivery, leasing and ownership, McMullin has transformed a strategically located Warragul site into a fully tenanted large-format retail precinct designed to perform for the long term.
