5.12 Ha* Permit Approved Industrial Development site

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65 Quarry Road, Lilydale VIC 3140

For Sale

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$10M - $20M Medium Confidence Calculated based on our search observations.

Land 12.65 acres 28072 m²

Listed: 5 days ago

Updated: 6 hours ago

Overview

Positioned as a rare industrial landholding opportunity in Melbourne’s outer east, this 5.12 hectare site at 65 Quarry Road, Lilydale, offers substantial development potential with an approved planning permit. The Industrial 3 zoning allows for a large-scale project comprising 103 industrial warehouses, delivering over 28,000 square meters of gross floor area across five development stages.

The property’s extensive 400-meter frontage provides excellent site access and high exposure, creating a strong foundation for logistical convenience and future marketability. The flexibility of the five-stage permit enables developers to align construction phases with market demand and capital considerations, making the project adaptable and financially manageable.

Connectivity is another notable advantage, with close proximity to key transport routes including the Maroondah Highway just 1 kilometre away, and approximately 20 minutes to major arterial road networks such as the Ringwood Bypass and EastLink. This accessibility supports efficient distribution and transport operations for industrial tenants.

The surrounding established amenities further contribute to the value of this industrial precinct, with the Main Street Lilydale retail precinct 2 kilometres away, Lilydale Railway Station 3 kilometres distant, and Chirnside Park Shopping Centre within 6 kilometres. These amenities offer conveniences to future workforce and visitors.

Investors, developers, and industrial operators seeking a significant industrial site with secured planning approval and strategic location will find this property particularly appealing. Additionally, the property benefits from no stamp duty payable under the Commercial and Industrial Property Tax (CIPT) regime, enhancing its financial attractiveness.

Local Market Insights

In Melbourne - Outer East, Quiet Listings observed 18 new parcels of land entering the market over the last 30 days, up from 11 during the previous 30-day period, with an average advertised asking price of $2,311,389. The property type mix of listed properties is predominantly Houses at 72%, followed by units (10%), and townhouses (10%). The most active agency for land in the Melbourne - Outer East area is currently Jellis Craig, representing 28% of new listings, followed by Hoskins Real Estate with 11%. 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.