FOR SALE
Sale Price Unavailable

54 Grubb Road
Ocean Grove VIC 3226

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 664.2421m2
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FOR SALE: Rare Opportunity - Thriving Vietnamese Restaurant Business

Seize the opportunity to own a highly successful and ONLY Vietnamese restaurant in the bustling area of Ocean Grove. This well-established business is perfectly positioned to attract locals and visitors alike, offering an exceptional investment for entrepreneurs and seasoned professionals.
Business Highlights:
• 9-Year Lease: Secure a long-term lease at $6000 per month + GST, providing stability and peace of mind.
• Impressive Weekly Turnover: Current revenue of $17,000 - $20,000 per week, with significant potential for further growth.
• Business Sale: Only $200,000, making this a fantastic opportunity to step into a thriving enterprise.
Prime Location and Features:
• Exclusive Offering: The only Vietnamese restaurant in the area, drawing a loyal customer base with its unique and authentic offerings.
• Proximity to Shopping Centers: Strategically located close to major shopping hubs, ensuring high visibility and foot traffic.
• Industrial Zone Location: Positioned in a high-traffic area of Ocean Grove, maximizing exposure and accessibility.
Property Details:
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Property Details for 54 Grubb Rd, Ocean Grove

Building Type
Commercial
Land Size
664.2421m2

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About Ocean Grove 3226

The size of Ocean Grove is approximately 18.5 square kilometres. It has 22 parks covering nearly 16.5% of total area. The population of Ocean Grove in 2011 was 12,555 people. By 2016 the population was 14,161 showing a population growth of 12.8% in the area during that time. The predominant age group in Ocean Grove is 0-9 years. Households in Ocean Grove are primarily couples with children 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 2011, 75.8% of the homes in Ocean Grove were owner-occupied compared with 76.1% in 2016.

Ocean Grove has 11,378 properties. Over the last 5 years, Houses in Ocean Grove have seen a 32.17% increase in median value, while Units have seen a 16.28% increase. As at 30 November 2024:

  • The median value for Houses in Ocean Grove is $989,663 while the median value for Units is $775,261.
  • Houses have a median rent of $580 while Units have a median rent of $520.
There are currently 173 properties listed for sale, and 14 properties listed for rent in Ocean grove on OnTheHouse. According to CoreLogic's data, 385 properties were sold in the past 12 months in Ocean grove.

Suburb Insights for Ocean Grove 3226

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Mitch (Hung) Nguyen
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Trinh Le
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Professionals St.Albans
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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.