FOR SALE
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121 Mitchell Street
Portarlington VIC 3223

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Land area: 10ac
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Exceptional Investment Opportunity in Prime Bellarine Peninsula Location

For the first time in over 40 years, this outstanding property is being offered for sale, presenting a rare chance to secure land in one of Victoria’s most sought-after coastal regions. Located just 3 kilometers from the heart of Portarlington and its Ferry Terminal, which offers direct access to Melbourne’s Docklands, this property boasts an enviable position only 300 meters from the water's edge and The Esplanade.
Key Features:
Prime Location: Situated within close proximity to local amenities, including Portarlington Town Centre, the picturesque Portarlington Golf Course, and renowned Bellarine Peninsula wineries such as Jack Rabbit and Terindah Estate. The property is also only 34 kilometers from Geelong, making it an ideal location for those seeking a coastal lifestyle with easy city access.
Excellent Access: The property benefits from dual road frontages, with an impressive 201-meter frontage along Mitchell Street and a 230-meter frontage on Calhoun Road, both of which abut established residential properties, enhancing the potential for future development (STCA).
Spacious Land: The land comprises one large paddock, providing ample space for a variety of uses, with significant potential for future growth.
Services: While services such as water, electricity, and gas are available nearby, they are not currently connected to the property.
Zoning: The property falls within the Farming Zone under the City of Greater Geelong’s planning scheme, offering flexibility for agricultural use or potential future rezoning opportunities (subject to council approval).
This is a truly unique opportunity to acquire a significant holding in the thriving Bellarine Peninsula area, whether for agricultural purposes or as a long-term investment with outstanding development potential.
For more details, please contact Safwat Ali at +61 403 035 992 and Boris Jakovidis 0468 420 204
Please see the below link for an up-to-date copy of the Due Diligence Check List: http://www.consumer.vic.gov.au/duediligencechecklist
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Property Details for 121 Mitchell St, Portarlington

Building Type
Rural
Land Size
10ac

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About Portarlington 3223

The size of Portarlington is approximately 24.8 square kilometres. It has 15 parks covering nearly 8.9% of total area. The population of Portarlington in 2011 was 3,581 people. By 2016 the population was 3,618 showing a population growth of 1.0% in the area during that time. The predominant age group in Portarlington is 60-69 years. Households in Portarlington are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Portarlington work in a professional occupation. In 2011, 72.8% of the homes in Portarlington were owner-occupied compared with 69.6% in 2016.

Portarlington has 4,137 properties. Over the last 5 years, Houses in Portarlington have seen a 36.03% increase in median value, while Units have seen a 30.36% increase. As at 31 October 2024:

  • The median value for Houses in Portarlington is $842,887 while the median value for Units is $671,719.
  • Houses have a median rent of $480 while Units have a median rent of $440.
There are currently 30 properties listed for sale, and 1 property listed for rent in Portarlington on OnTheHouse. According to CoreLogic's data, 101 properties were sold in the past 12 months in Portarlington.

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