SOLD
Sold on 01 Feb 2024 for $5,500,000

114-122 Ogrady Road
Hallam VIC 3803

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 45000m2
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Property Details for 114-122 Ogrady Rd, Hallam

Building Type
Land
Land Size
45000m2
Local Government
Casey
Lot/Plan
9/LP85116

Last Listing description (November 2023)

Jones Real Estate are privileged to present, Lot 9, 114-122 O'Grady Road, Hallam For Sale via Expressions of Interest closing Thursday 7th December 2023 at 12:30pm (AEDT).

Positioned within Melbourne's blue ribbon southeast industrial & logistics market, Lot 9, 114-122 O'Grady Road, Hallam presents one of the last remaining infill development opportunities of scale. The underlying land value of this property is underpinned by the abundance of logistical routes on the property's doorstep in addition to the surrounding established commercial & industrial hub and residential catchment.

Key highlights of this opportunity include:

- Prime Industrial 1 (IN1Z) zoned landholding of 4.50ha*.

- 140.5m* of direct frontage to O'Grady Road.

- Take advantage of record low industrial vacancy and make your mark in Melbourne's premier southeastern precinct which holds a 1.70% industrial vacancy rate^.

- Presenting a blank canvas opportunity to owner occupy, develop and or land bank!

- Infill location, one of the last remaining major Industrial 1 (IN1Z) zoned opportunities of scale in Melbourne's tightly held southeastern suburbs.

- Industrial development schemes by Stephen D'Andrea Design available upon request.

*Approx.
^Urbis

For further information or to schedule a private inspection of the opportunity, please contact the exclusive selling agents.

Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.

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Property History for 114-122 Ogrady Rd, Hallam, VIC 3803

A timeline of how this property has performed in the market
Last Sold
$5,500,000
01 Feb 2024
  • 01 Feb 2024
    Sold for $5,500,000
  • 09 Nov 2023
    Listed for Sale Contact Agent
  • 07 Aug 1981
    Sold for $25,000
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About Hallam 3803

The size of Hallam is approximately 8.3 square kilometres. It has 30 parks covering nearly 6.4% of total area. The population of Hallam in 2011 was 10,161 people. By 2016 the population was 10,867 showing a population growth of 6.9% in the area during that time. The predominant age group in Hallam is 20-29 years. Households in Hallam are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Hallam work in a trades occupation. In 2011, 74.8% of the homes in Hallam were owner-occupied compared with 71.6% in 2016.

Hallam has 5,910 properties. Over the last 5 years, Houses in Hallam have seen a 31.22% increase in median value, while Units have seen a 33.40% increase. As at 30 November 2024:

  • The median value for Houses in Hallam is $758,858 while the median value for Units is $534,746.
  • Houses have a median rent of $530 while Units have a median rent of $500.
There are currently 39 properties listed for sale, and 4 properties listed for rent in Hallam on OnTheHouse. According to CoreLogic's data, 201 properties were sold in the past 12 months in Hallam.

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