Cnr Madeira Packet Road & Edgar Street, Portland
- Approx 7.56 Acres
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.
Estimated monthly repayments based on advertised price of $875000.
Interest Rate (p.a)