86 Olinda-Monbulk RoadOlinda VIC 3788
Property Details for 86 Olinda-Monbulk Rd, Olinda
Last Listing description (May 2018)
One of the most iconic venues across the entire Dandenong Ranges, the spectacular Olinda Tea House presents a ready-made venture ideal for hospitality professionals and astute commercial investors. Set on over 17 acres (Green Wedge Zone), the property's key attraction is its award-winning restaurant/function centre with vast clear-span dining area, commercial kitchen, first-class guest/staff amenities and spacious office facilities. Complementing this are two additional function rooms/pavilions, decked walkways, expansive outdoor entertaining areas and landscaped garden surrounds. Other features include vast storage (under the main building), greenhouses and workshop, plus a well-appointed 4 bedroom/2 bathroom residence complete with its own private driveway and gardens. Around an hour's drive from the CBD in one of Victoria's premier tourist precincts - what an opportunity! For further information please see http://www.86olindamonbulkroadolinda.com/. Nelson Alexander Pty Ltd.
Property History for 86 Olinda-Monbulk Rd, Olinda, VIC 3788
- 01 Sep 2015Listed for Sale Private Sale $3,600,000
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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 969 properties. Over the last 5 years, Houses in Olinda have seen a 36.82% increase in median value, while Units have seen a 74.41% increase. As at 31 October 2024:
- The median value for Houses in Olinda is $1,093,648 while the median value for Units is $1,029,237.
- Houses have a median rent of $700.
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