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Overview
Situated in the bustling heart of Benalla's CBD, this property presents a rare opportunity for investors, developers, or those seeking a versatile landholding with significant upside potential. The substantial 1,060 square metre block is zoned for General Residential use, providing a flexible canvas for future development, subject to council approval.
Currently operating as a combined shed office and industrial shed, the site benefits from a long-standing tenant, offering immediate rental income while enabling strategic planning for redevelopment. Its central location within a tightly held area ensures convenient access to local amenities and integrates seamlessly within the community.
With four bedrooms, a bathroom, and off-street parking for two cars mentioned in the listing, the property balances between commercial functionality and residential capability. This combination, paired with the generous land size and prime position, positions the site as an attractive prospect for various development pathways, including multi-unit residential dwellings or modern residential builds.
Overall, this offering caters to savvy buyers looking for a strategic investment or development site with an established income stream and exceptional future prospects in Benalla’s growing CBD fringe.
Local Market Insights
In Benalla, Quiet Listings observed 14 new houses entering the market over the last 30 days, up from 10 during the previous 30-day period, with an average advertised asking price of $698,929. The property type mix of listed properties is predominantly Houses at 79%, followed by land (21%). Ray White was the most active agency in this area, representing 42.9% of all new listings in 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
Benalla VIC 3672
Market Insights for Benalla VIC 3672
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