FOR SALE
$900,000 - $990,000

160-162 Railway Place
Elmore VIC 3558

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2040m2
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Corner Block with Significant Exposure

Seize a stellar investment opportunity on the edge of the Elmore township with a chance to capitalize on a large corner block that's not just about size, but also location and flexibility. Nestled strategically on the Midland Highway, and close to key Elmore amenities, this plot promises both high visibility and exposure and great development potential.
Spanning approximately 2,040 m² of untapped potential this expansive site offers more than meets the eye. The township zone (TZ) classification introduces a spectrum of potential uses. These include but are not limited to a residential complex, commercial ventures including retail, supermarkets, chemists, personal health and beauty services, childcare, offices, restaurants, cafes and takeaway outlets. Industrial and warehousing applications are also on the table (STCA) reflecting the well rounded properties of this parcel.
This corner block occupies a commanding position on the Midland Highway and will seize the attention of anyone heading into the Elmore township. It offers diverse potential due to its size and zoning. Its location is convenient for both commercial and residential uses, being close to Elmore Primary School, local markets, health facilities, and transport options. The Elmore Station, bus stops, and major highways are also easily accessible, along with recreational spots like Elmore Golf Club. Don't miss out on this prime opportunity to invest in a versatile property with multiple potential applications, all set in a strategic Elmore location.
Disclaimer: All stated dimensions are approximate only. Particulars given are for general Information only and do not constitute any representation on the part of the vendor or agent.
Please see the below link for an up-to-date copy of the Due Diligence Check List: http://www.consumer.vic.gov.au/duediligencechecklist

Property Details for 160-162 Railway Pl, Elmore

Building Type
Rural
Land Size
2040m2

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About Elmore 3558

The size of Elmore is approximately 135.3 square kilometres. It has 2 parks covering nearly 0.4% of total area. The population of Elmore in 2011 was 669 people. By 2016 the population was 774 showing a population growth of 15.7% in the area during that time. The predominant age group in Elmore is 60-69 years. Households in Elmore are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Elmore work in a managers occupation. In 2011, 78.8% of the homes in Elmore were owner-occupied compared with 76.7% in 2016.

Elmore has 603 properties. Over the last 5 years, Houses in Elmore have seen a 53.89% increase in median value, while Units have seen a -78.99% decrease. As at 30 September 2024:

  • The median value for Houses in Elmore is $339,437 while the median value for Units is $370,701.
  • Houses have a median rent of $228.
There are currently 17 properties listed for sale, and no properties listed for rent in Elmore on OnTheHouse. According to CoreLogic's data, 16 properties were sold in the past 12 months in Elmore.

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