SOLD
Sold on 12 Mar 2024 for $430,000

Griffiths Lane
Benalla VIC 3672

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 11520m2
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Property Details for Lot 1 Griffiths Lane, Benalla

Building Type
Land
Land Size
11520m2
Local Government
Benalla
Lot/Plan
1/PS902340

Last Listing description (May 2024)

Nutrien Harcourts Benalla proudly present a 3 acre ( approx.) commercial allotment, just minutes from the Rural City of Benalla on the corner of Griffith Lane and the Midland Highway. This property is zoned Industrial 1 and represents a rare opportunity to secure a prime parcel of land just minutes from the centre of town with Midland Highway frontage, providing a number of possible commercial options.
Consisting of a 1.15 Ha title ( approx,) this unique parcel of prime land affords buyers a number of options on how to best utilize the property. The Midland Highway location allows for excellent street appeal, easy proximity to major road infrastructure with a dual access point to the rear of the property provided from Griffith Lane. The appeal to all businesses looking for a key commercial location close to town and the potential embodied here should not be overlooked.
The site currently has power connected ( currently via the old dairy building.) There is a number of good size sheds including a 12x9m approx. machinery shed, dairy and hay shed. A 6m (approx.) well is located to the rear of the property and has a bore pump insitu. Cattle yards, cattle crush and ramp, good fencing and perimeter laneway all form part of the infrastructure currently in place.

Recent growth in Benalla and the ongoing demand for commercial land presents strong investment potential for the developer or commercial investor. A planning application and permit is all that is needed for the development of this site, optimising the obvious opportunities this block has to offer as the potential new home for your business.
Inspection is a must - don't delay and contact us today.
For Sale by Expressions of Interest, Offers closing Wednesday the 21st of February at 12pm Midday AEST.

Property History for Lot 1 Griffiths Lane, Benalla, VIC 3672

A timeline of how this property has performed in the market
Last Sold
$430,000
12 Mar 2024
  • 12 Mar 2024
    Sold for $430,000
  • 18 Jan 2024
    Listed for Sale Expressions of Interest

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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 7,136 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 48 properties listed for sale, and 20 properties listed for rent in Benalla on OnTheHouse. According to CoreLogic's data, 272 properties were sold in the past 12 months in Benalla.

Suburb Insights for Benalla 3672

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Landmark Harcourts Benalla
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.