FOR SALE
Sale Price Unavailable

23 May Road
Lalor VIC 3075

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 260m2
Land area: 260m2
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Rare Retail Opportunity in Sought After Location!

This exceptionally located 260m2 (approx.) freehold dwelling comes with a highly profitable retail store in operation.
Situated on May Road in the popular Lalor Shopping Centre, the store operates a grocery shop, fishmonger and butcher, providing a diverse, steady revenue.
Equipment (which is fairly new and in good condition) to practice current operations will also be included in the sale of the property.
Please contact Bedri on 0408 350 458 for more information or to arrange an inspection

Property Details for 23 May Rd, Lalor

Building Type
Commercial
Floor Size
260m2
Land Size
260m2

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About Lalor 3075

The size of Lalor is approximately 9.3 square kilometres. It has 27 parks covering nearly 11.6% of total area. The population of Lalor in 2011 was 19,873 people. By 2016 the population was 22,612 showing a population growth of 13.8% in the area during that time. The predominant age group in Lalor is 30-39 years. Households in Lalor are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lalor work in a trades occupation. In 2011, 73.6% of the homes in Lalor were owner-occupied compared with 70.6% in 2016.

Lalor has 9,972 properties. Over the last 5 years, Houses in Lalor have seen a 13.27% increase in median value, while Units have seen a 20.65% increase. As at 30 November 2024:

  • The median value for Houses in Lalor is $688,476 while the median value for Units is $504,410.
  • Houses have a median rent of $510 while Units have a median rent of $460.
There are currently 46 properties listed for sale, and 25 properties listed for rent in Lalor on OnTheHouse. According to CoreLogic's data, 385 properties were sold in the past 12 months in Lalor.

Suburb Insights for Lalor 3075

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Bedri Aslani
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Abi Real Estate Pty Ltd
ABI Real Estate
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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.