Cnr Madeira Packet Road & Edgar Street, Portland, VIC 3305

Industrial | Development/Land

For Sale $875,000

  • Property ID: 293651
  • Land Area: 7.56m²
  • Occupancy: Vacant
  • NBN Availability: Service Available
Industrial Opportunity

Total land area is approximately 2.72 ha, of primarily undeveloped land. A unmade road divides the properties. Positioned within the Madeira Packet Rd/George St industrial precinct of South Portland, they are less than a 10 min drive into the Portland town centre. The properties are Zoned Industrial 1 under the Glenelg Shire Planning Scheme. With its current zoning, the properties are well suited to the construction of a multi-warehouse site. With its dual street frontage, the site will attract strong interest from commercial property developers looking to develop the overall site.
With the subject land abutting a residential zone, there presents an opportunity for the savvy residential developer to negotiate rezoning of the site. Opportunities abound with outstanding ocean views available to be taken advantage of. The vendor had previously prepared a draft submission for rezoning of the land from industrial to residential zone. The properties main benefit is its location being on a main road with direct access to the Port of Portland and Portland Aluminium Smelter. Businesses looking to expand their current operations, such as transport and logistics companies in need of significant yard space, and those businesses looking to be close to the port should investigate the possibilities of this property further. Enquire now to receive further details on this outstanding opportunity.

Portland Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $1172 $75 6.37%
Retail $2382 $128 5.36%
Offices $3112 $123 3.96%
This is the average advertised price, rent and yield for Portland, VIC 3305*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Industrial in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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