OFF MARKET

13 Olinda-Monbulk Road
Olinda VIC 3788

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 397m2
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Property Details for 13 Olinda-Monbulk Rd, Olinda

Building Type
Commercial
Land Size
397m2
Local Government
Yarra Ranges
Lot/Plan
1/TP91678

Last Listing description (May 2019)

A rare retail investment opportunity known as 13-15 Olinda-Monbulk Road, Olinda is for sale for the first time in thirty years.
This charming double front lock up shop is offered for sale for the first time in over 30 years and is prominently located within the scenic town of Olinda. Forming part of the spectacular Yarra Ranges, Olinda is a renowned local and tourist destination 36 kilometres east of the Melbourne CBD. The Yarra Ranges are home to the iconic Puffing Billy Railway, picturesque function destinations, multiple lookouts, as well as walking and hiking trails. The township is well-known for its beautiful, bushy surrounds and it's unique and eclectic mix of restaurants, cafes and stores.
Key features of the property include:

- Long standing gift and craftware business operating as the 'The Real Thing Craft Centre' together with Rubies & Rust / Touchstone
- Current rental of $57,308.28 per annum plus GST
- Recently renewed lease 5 + 5 years
- Commercial 1 Zoning
- On-Site Car parking for 4-6 vehicles
- Future 'value add' potential with rear land and right of way access
- Popular Retail Strip with well known neighbours such as: Fletchers Real Estate, Bells Real Estate, Olinda Pharmacy, Pie in the Sky, Ranges at Olinda, together with Olinda Fire and Police Station's.
Whether you're looking for your first investment property, or looking to diversify your portfolio, this is a great opportunity to secure this valuable investment.
Please contact CVA for further information.
*Approx
Pricing excludes GST.

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Property History for 13 Olinda-Monbulk Rd, Olinda, VIC 3788

A timeline of how this property has performed in the market
Last Sold
$900,000
08 May 2019
  • 08 May 2019
    Sold for $900,000
  • 15 Feb 2019
    Listed for Sale Not Disclosed

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About Olinda 3788

The size of Olinda is approximately 17.9 square kilometres. It has 23 parks covering nearly 101.6% of total area. The population of Olinda in 2011 was 1,663 people. By 2016 the population was 1,749 showing a population growth of 5.2% in the area during that time. The predominant age group in Olinda is 40-49 years. Households in Olinda are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Olinda work in a professional occupation. In 2011, 84.6% of the homes in Olinda were owner-occupied compared with 82.9% in 2016.

Olinda has 965 properties.

    There are currently 7 properties listed for sale, and 1 property listed for rent in Olinda on OnTheHouse. According to CoreLogic's data, 37 properties were sold in the past 12 months in Olinda.

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