24 Sinclair Street, Ocean Grove, VIC 3226 | Commercial for sale | OnTheHouse
 
FOR SALE
$1,630,000-$1,710,000

24 Sinclair Street
Ocean Grove VIC 3226

Bedrooms: -
Bathrooms: -
Car spaces: 8
Floor area: 360m2
Land area: 904m2
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Premium Industrial Opportunity

Defined:
A substantial commercial holding with a clear sense of purpose, positioned within one of Ocean Grove's established industrial precincts. Set across approximately 904sqm, the property combines a quality industrial shed with a fully concreted site, secure high-mesh fencing and generous off-street parking, creating a practical foundation for investors. The property is zoned Commercial 2 Zone (C2Z), providing a flexible commercial framework suited to a range of business and industrial uses, subject to relevant planning requirements.
Strong exposure to passing traffic, together with its position alongside a busy car wash, gives the site an established commercial presence and valuable day-to-day visibility.
Considered:
More than simply a functional industrial holding, 24 Sinclair Street offers strong flexibility. This property presents an opportunity for investors, with an estimated rental return of approximately $81,500 per annum plus GST and outgoings.
With 5% annual rental increases under the proposed lease structure, a substantial landholding and a location supported by Ocean Grove's continued commercial growth, the property presents a considered opportunity to secure a versatile commercial asset with both immediate utility and longer-term potential.
Property Highlights:
Quality industrial shed
Fully concreted site
Secure high-mesh fencing
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Property Details for 24 Sinclair St, Ocean Grove

Building Type
Commercial
Floor Size
360m2
Land Size
904m2
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About Ocean Grove 3226

The size of Ocean Grove is approximately 18.5 square kilometres. There are 22 parks, covering nearly 16.5% of the total area. The population of Ocean Grove in 2016 was 14165 people. By 2021 the population was 17714 showing a population growth of 25.0% in the area during that time. The predominant age group in Ocean Grove is 60-69 years. Households in Ocean Grove are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ocean Grove work in a professional occupation.In 2021, 78.50% of the homes in Ocean Grove were owner-occupied compared with 76.10% in 2016.

Ocean Grove has 11,950 properties. Over the last 5 years, Houses in Ocean Grove have seen a -5.11% decrease in median value, while Units have seen a -1.99% decrease. As at 31 August 2026:

  • The median value for Houses in Ocean Grove is $1,023,187 while the median value for Units is $800,447.
  • Houses have a median rent of $650 while Units have a median rent of $560.
There are currently 145 properties listed for sale, and 12 properties listed for rent in Ocean grove on OnTheHouse. According to Cotality's data, 501 properties were sold in the past 12 months in Ocean grove.

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