OFF MARKET

40 Commercial Road
Yarram VIC 3971

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 119m2
Land area: 23210m2
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Property Details for 40 Commercial Rd, Yarram

Building Type
Land
Floor Size
119m2
Land Size
23210m2
Local Government
Wellington
Lot/Plan
12/LP5529

Last Listing description (May 2022)

Huge 17,440 sqm site with South Gippsland Highway frontage.
Great exposure to high volume of passing traffic with vehicle access via side street.
Substantial office, workshop facility.

Extensive areas of concrete paving and hardstand.
Located on the northern boundary of the provincial centre of Yarram in South Eastern Gippsland, this huge industrial site is strategically located relative to existing and emerging regional developments at nearly Port Anthony and Latrobe Valley.
Over 4 acres in dimension, this property consists of multiple titles with security fenced perimeters, sealed car park and substantial brick office/laboratory buildings with an approximate 1200 sqm footprint.

To arrange inspection and further details contact Greg Tuckett on 0428 826600 or greg@eldersyarram.com.au

Expressions of Interest welcomed with a closing date of 5pm on 22nd April 2022.

For a Due Diligence Checklist go to: consumer.vic.gov.au/duediligencechecklist
Or call us on (03) 5144 4444

Property History for 40 Commercial Rd, Yarram, VIC 3971

A timeline of how this property has performed in the market
Last Sold
$374,000
26 Jun 2023
  • 26 Jun 2023
    Sold for $374,000
  • 07 Oct 2022
    Sold for $841,500
  • 24 Mar 2022
    Listed for Sale Expressions of Interest closing 22nd April 5pm
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About Yarram 3971

The size of Yarram is approximately 110.9 square kilometres. It has 9 parks covering nearly 5.6% of total area. The population of Yarram in 2011 was 2,168 people. By 2016 the population was 2,123 showing a population decline of 2.1% in the area during that time. The predominant age group in Yarram is 60-69 years. Households in Yarram are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Yarram work in a managers occupation. In 2011, 67.7% of the homes in Yarram were owner-occupied compared with 67.7% in 2016.

Yarram has 1,490 properties. Over the last 5 years, Houses in Yarram have seen a 71.30% increase in median value, while Units have seen a 84.22% increase. As at 30 September 2024:

  • The median value for Houses in Yarram is $389,699 while the median value for Units is $292,267.
  • Houses have a median rent of $375 while Units have a median rent of $228.
There are currently 20 properties listed for sale, and no properties listed for rent in Yarram on OnTheHouse. According to CoreLogic's data, 54 properties were sold in the past 12 months in Yarram.

Suburb Insights for Yarram 3971

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Disclaimer
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.