1538 Mt Dandenong Tourist RoadOlinda VIC 3788
Property Details for 1538 Mt Dandenong Tourist Rd, Olinda
Last Listing description (November 2011)
FREEHOLD INVESTMENT WITH TWO TENANTS
Looking to invest your hard earned money? This hustling Olinda shopping strip has gone off like a fire cracker since the IGA Supermarket has opened a few doors down! This character filled gift shop is located next door to the Australia Post Office and sits amongst other thriving small businesses.
It is current leased for a term of 3 years, which commenced on 1/6/2009 and currently paying $19,564.20 pa including GST. With an option of a further two terms of three years.
Both tenants are responsible for the building outgoings such as Council, Water and Levies (excluding State Land Tax).
THE TOTAL ANNUAL INCOME IS $25,109.52 p.a. (GST Inclusive)
Property History for 1538 Mt Dandenong Tourist Rd, Olinda, VIC 3788
- 17 Sep 2011Listed for Sale PRICE ON APPLICATION
- 26 Nov 2010Listed for Sale $385,000-$420,000
- 17 Apr 2008Sold for $368,500
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0About 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 966 properties. Over the last 5 years, Houses in Olinda have seen a 38.94% increase in median value, while Units have seen a 61.46% increase. As at 30 September 2024:
- The median value for Houses in Olinda is $1,098,042 while the median value for Units is $999,614.
- Houses have a median rent of $700.
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