OFF MARKET

5/230 Ridge Road
Olinda VIC 3788

Bedrooms: -
Bathrooms: -
Car spaces: 15
Floor area: 2880m2
Land area: 890m2
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Property Details for 5/230 Ridge Rd, Olinda

Building Type
Commercial
Floor Size
2880m2
Land Size
890m2
Local Government
Yarra Ranges

Last Listing description (October 2013)

Exciting Investment Opportunity with solid rental returns and a separate development opportunity
- Quality rental yield from 3 long term tenants
- High traffic location

- Character style building
- Plan and permits to subdivide
- Plans and permits to develop 3 federation style commercial units
- Land area 1762m sq
- Floor area 310m sq

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Property History for 5/230 Ridge Rd, Olinda, VIC 3788

A timeline of how this property has performed in the market
  • 03 Aug 2013
    Listed for Sale $1,200,000 PLUS
  • 13 Mar 2012
    Listed for Sale 850000

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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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