1602 Mt Dandenong Tourist Rd, Olinda is a 6 bedroom, 6 bathroom House and was built in 1985. The property has a land size of 1141m2 and floor size of 295m2. While the property is not currently for sale or for rent, it was last sold in May 2023.
PLEASE CALL AGENT TO REGISTER PRIOR TO INSPECTING. PHOTO ID REQUIRED
AUCTION 5 MAY | 1.00PM
Ever dreamt of owning an "iconic" landmark, only 1 hour from Melbourne's CBD?
There exists an opportunity for one lucky purchaser to secure a uniquely handcrafted 3 storey, timeless architectural bluestone beauty; offering a bitumen-sealed 12 space carpark, 4 private courtyards and incredible income-producing opportunities.
Currently delighting guests as an elegant boutique hotel with an indulgent Day Spa.
Come and discover the enchanting magic of this property, boasting a bespoke architectural style and tailored dcor to ignite the senses and experience a stay like no other.
The multi-permit affords flexible use the choice is yours a place to live in, multi-generational living, accommodation rental and/ or commercial leasing. Ideal for those who work from home, have another business, want another income source and want to be closer to nature in the ultimate sanctuary of peace and tranquility.
Overview of offering:
1123m2 land area
Total lettable area 285m2
3 storey bluestone building
4 private entranced furnished suites
2 private entranced suites with commercial tenant
Office / library / reception
Mains gas, electricity and water
12 car spaces on bitumen
Current Liquor Licence
Current Accommodation Registration Class D
Current Food Registration Class 3
Separate "Boadshed" building
Only 2 owners affirms the longevity and enjoyment of this investment
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.
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