FOR SALE
$730,000

144 - 148 Nicholson Street
Orbost VIC 3888

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 447m2
Land area: 700m2
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GREAT INVESTMENT OPPORTUNITY.

A rare opportunity to purchase a complete retail/office complex. All shops currently occupied, approx 447sqm of buildings plus courtyard, parking at the rear. Solid brick construction, well maintained and in the centre of Orbost. Approximate income of over $57,000 per annum representing a great return on investment.

Property Details for 144 - 148 Nicholson St, Orbost

Building Type
Commercial
Floor Size
447m2
Land Size
700m2

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About Orbost 3888

The size of Orbost is approximately 208.6 square kilometres. It has 9 parks covering nearly 86.4% of total area. The population of Orbost in 2011 was 2,493 people. By 2016 the population was 2,231 showing a population decline of 10.5% in the area during that time. The predominant age group in Orbost is 60-69 years. Households in Orbost are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Orbost work in a labourer occupation. In 2011, 69% of the homes in Orbost were owner-occupied compared with 69.9% in 2016.

Orbost has 1,627 properties. Over the last 5 years, Houses in Orbost have seen a 82.40% increase in median value, while Units have seen a 46.96% increase. As at 31 August 2024:

  • The median value for Houses in Orbost is $327,744 while the median value for Units is $268,400.
  • Houses have a median rent of $370.
There are currently 29 properties listed for sale, and no properties listed for rent in Orbost on OnTheHouse. According to CoreLogic's data, 59 properties were sold in the past 12 months in Orbost.

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Steve Holmes
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LJ Hooker Bairnsdale
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