An extremely rare undeveloped parcel of land in Melbourne’s industrial heartland may push record prices when it is auctioned next week by JLL Industrial.

The 3,253 sqm site at 46 Green Street, Doveton is in one of the South East’s most desirable and established pockets is expected to fetch more than $900 per sqm.

JLL Industrial’s Ivo Redmond and Al Armstrong said the allotment is one of the last remaining undeveloped parcels in a market that is experiencing exceptionally strong demand with minimal land supply.

“It will be a great test for the market and will potentially further test the upper limits of pricing in the super prime market,” Mr Redmond  said.

The property is zoned Industrial 1 and has a 37 metre frontage on rectangular site and offers direct access to South Gippsland Freeway, Princes Highway, Dandenong Bypass and South Gippsland Freeway.

It is currently leased out on a month to month tenancy with the ability for the purchaser to settle as vacant possession.

46 Green Street, Doveton is to be sold on site by Public Auction Wednesday, 23rd November at 12pm.

To request a copy of the Information Memorandum please contact one of the marketing agents JLL Industrial’s Ivo Redmond and Al Armstrong via the contact details below.