The 3097m² lot at 155 Albion St was awarded to the preferred applicant, Coldwell Investment Group, after a motion to sell it was carried unanimously.
Cr John Zobec said he was pleased to see the sale of the land, which the council advertised as a prime location with potential to enhance growth in the region.
“It’s always good to see that we have a sale of a lot, ” he said.
“I certainly hope that the person who bought the block will set up a very successful business.”
A council spokesperson confirmed the council did not currently have any more industrial land parcels for sale in Kyabram, which Cr Zobek said was a good sign.
Cr Adrian Weston said no public submissions were received against the land’s proposed sale during its four-week statutory advertisement.
“That gives me comfort, as such, to support the completion of this process,” he said.
According to the council’s Industrial Land Sale policy, applicants must provide written evidence of economic benefits to the community when applying to purchase land.
Community benefits include employment opportunities, capital investment, import replacement and export potential.
The net proceeds of the $315,000 sale will be held in the council’s Industrial Land Reserve.
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