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5 Western Court
Korumburra VIC 3950

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Land area: 1520m2
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Investor developers take note

Discover an exceptional investment opportunity at 5 Western Court, Korumburra, Victoria, 3950. This prime commercial property is sited on a substantial land parcel of 1520 square metres, poised for significant growth and development in a high-demand locale.
Strategically positioned just off the South Gippsland Highway, this Industrial 3 zoned asset offers remarkable potential, with permits already in place for the development of 5 factories, each ranging between 100m² to 150m². This development flexibility allows investors to cater to a diverse range of business ventures seeking a presence in this thriving area.
The initial site cut has been completed, laying the groundwork for an efficient build process. Investors will appreciate the proactive steps taken to ensure a seamless transition from acquisition to construction. The high demand for both sales and leases within this region underscores the strength of this investment, promising a sustained appeal to businesses and a robust potential for capital growth.
5 Western Court represents a unique chance to secure a foothold in Korumburra's burgeoning commercial sector. With all the preparatory work done, this site is ready for an astute investor to capitalize on its promising future. Don't miss out on this rare offering in Victoria's industrious heartland.

Property Details for 5 Western Ct, Korumburra

Building Type
Commercial
Land Size
1520m2

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About Korumburra 3950

The size of Korumburra is approximately 59.9 square kilometres. It has 13 parks covering nearly 1.4% of total area. The population of Korumburra in 2011 was 4,374 people. By 2016 the population was 4,491 showing a population growth of 2.7% in the area during that time. The predominant age group in Korumburra is 60-69 years. Households in Korumburra are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Korumburra work in a trades occupation. In 2011, 74.2% of the homes in Korumburra were owner-occupied compared with 73% in 2016.

Korumburra has 3,098 properties. Over the last 5 years, Houses in Korumburra have seen a 69.05% increase in median value, while Units have seen a 64.09% increase. As at 30 September 2024:

  • The median value for Houses in Korumburra is $559,191 while the median value for Units is $441,878.
  • Houses have a median rent of $450 while Units have a median rent of $365.
There are currently 106 properties listed for sale, and 5 properties listed for rent in Korumburra on OnTheHouse. According to CoreLogic's data, 106 properties were sold in the past 12 months in Korumburra.

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George Auddino
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Valentino Auddino
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AUDDINO FIRST NATIONAL - Korumburra
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