OFF MARKET

42 Lowens Lane
Benalla VIC 3672

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 4800m2
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Property Details for 42 Lowens Lane, Benalla

Building Type
Commercial
Land Size
4800m2
Local Government
Benalla
Lot/Plan
10/PS541708

Last Listing description (October 2024)

Just minutes to Benalla's CBD, this commercial/industrial space presents an exceptional opportunity for businesses either established or looking to start up, in a well-equipped and spacious facility.
The centerpiece of this property is the expansive 480-square-meter shed constructed with structural steel, ensuring durability and longevity. Within the shed, there is a dedicated 100-square-meter office space equipped with all the necessary amenities, including power and water connections. This property also comes with the capacity for training with a 9B Classification approved.

The inclusion of a substantial 4,800 square meters of land surrounding the shed facilitates has easy access for large vehicles and machinery, making it an ideal location for industries requiring ample space for logistical operations. Moreover, the property offers the convenience of council approval for over 30 car parks, catering to the needs of employees and clients alike.

For those seeking expansion opportunities, the commercial space comes with the added advantage of council approval for an additional 720-square-meter shed. This approval opens the door for businesses to further enhance their operational capacity or diversify their activities on the premises. Whether you are looking to purchase or lease, this versatile space provides a solid foundation for a wide range of ventures, making it an attractive prospect for established businesses or an upcoming business seeking an opportunity for growth and flexibility.
Additional information:
- Architectural and Engineering plans are approved for 1200 sqm shed
- 9b classification subjectively approved

For advice on the potential rental return on investment - contact michelle.jesser@raywhite.com

Contact Ray White Benalla today for further information and inspections.

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Property History for 42 Lowens Lane, Benalla, VIC 3672

A timeline of how this property has performed in the market
Last Sold
$154,000
16 Sep 2021
Listed for Rent
$21k/w
05 Mar 2024
  • 19 Mar 2024
    Listed for Sale $880,000 - $960,000
  • 16 Sep 2021
    Sold for $154,000

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About Benalla 3672

The size of Benalla is approximately 315.3 square kilometres. It has 32 parks covering nearly 7.6% of total area. The population of Benalla in 2011 was 10,333 people. By 2016 the population was 10,355 showing a population growth of 0.2% in the area during that time. The predominant age group in Benalla is 60-69 years. Households in Benalla are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Benalla work in a trades occupation. In 2011, 67.7% of the homes in Benalla were owner-occupied compared with 67.2% in 2016.

Benalla has 7,120 properties. Over the last 5 years, Houses in Benalla have seen a 57.23% increase in median value, while Units have seen a 49.78% increase. As at 31 October 2024:

  • The median value for Houses in Benalla is $428,618 while the median value for Units is $321,076.
  • Houses have a median rent of $450 while Units have a median rent of $350.
There are currently 55 properties listed for sale, and 23 properties listed for rent in Benalla on OnTheHouse. According to CoreLogic's data, 256 properties were sold in the past 12 months in Benalla.

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