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Overview
This property presents a prime opportunity for industrial land acquisition in a highly sought after and tightly held pocket of Ocean Grove. The parcel spans approximately 1,040 square meters, making it suitable for a variety of development projects or as an astute investment for owner occupiers.
The site includes an iron clad shed covering around 150 square meters, which provides substantial sheltered space for storage, manufacturing, or operational uses. This existing structure can serve as a functional asset while future development planning is underway.
Currently, the property is leased on a periodic arrangement, providing flexible occupation terms which may appeal to investors seeking immediate income while considering redevelopment options. The commercial 2 zoning classification supports a range of commercial and industrial activities, enabling versatile usage possibilities compliant with local planning regulations.
The location offers excellent access within Ocean Grove’s commercial precinct, with advantageous connectivity to main arterial roads and proximity to the wider Geelong district. This enhances the site's appeal for logistics, trade, or light industrial businesses seeking a strategic base within a growing regional market.
Investors and developers alike will appreciate the parcel’s scale and attributes, delivering potential for capital growth or immediate commercial utility. The land size is conducive to various redevelopment configurations, whether for expansion of the current shed, construction of new factory units, or other commercial facilities under the applicable zoning rules.
Ocean Grove’s commercial landscape continues to evolve, and this landholding presents a rare and valuable entry point into the market. Its scalability and existing infrastructure position it as a versatile asset with strong appeal across multiple business sectors.
Further advantages of the property include its managed lease conditions, which offer immediate revenue and an ease of transition for new owners with prospective development timelines. The land’s efficient dimensions will allow for thoughtful planning and optimized site utilization, catering for onsite parking, loading zones, and landscaped areas depending on the buyer’s operational needs.
In summary, this offering represents a compelling opportunity in a prime industrial location within Ocean Grove, combining land size, built shedding, location advantages, and zoning benefits suited for development, investment or owner occupation. With flexible leasing currently in place, it offers transactional versatility for a range of commercial property buyers.
Local Market Insights
In Ocean Grove, Quiet Listings observed 5 new commercial properties entering the market over the last 30 days, with an average advertised asking price of $851,800. The property type mix of listed properties is predominantly Houses at 71%, followed by townhouses (9%), and units (8%). RT Edgar was the most active agency monitored, representing 58.0% of all new listings monitored during the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Ocean Grove VIC 3226
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 150 m² |
Market Insights for Ocean Grove VIC 3226
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
