121 Nicholson StreetOrbost VIC 3888
Property Details for 121 Nicholson St, Orbost
Last Listing description (November 2023)
FREEHOLD FOR SALE
Approx 226m2 land size & 200m2 under roof
Land Use: Retail Premises (single Occupancy)
This building has a long term lease in place, with the young couple into their 2nd year and running a successful Bakery Business and have the intentions to stay long term.
The building has been a Bakery for over 77 years, it was formerly Weston's Bakery established in 1945.
Great location in the main street of Orbost.
Building at the rear for storing supplies with access for deliveries & forklift.
Parking space at the rear of the building, accessible from Tarra St.
Property History for 121 Nicholson St, Orbost, VIC 3888
- 31 Oct 2023Sold for $270,000
- 23 Dec 2016Listed for Sale $375,000 + GST (if applicable)
- 09 Jun 2016Sold for $230,000
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About Orbost 3888
The size of Orbost is approximately 208.6 square kilometres. It has 9 parks covering nearly 86.4% of total area. The population of Orbost in 2011 was 2,493 people. By 2016 the population was 2,231 showing a population decline of 10.5% in the area during that time. The predominant age group in Orbost is 60-69 years. Households in Orbost are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Orbost work in a labourer occupation. In 2011, 69% of the homes in Orbost were owner-occupied compared with 69.9% in 2016.
Orbost has 1,628 properties. Over the last 5 years, Houses in Orbost have seen a 75.04% increase in median value, while Units have seen a 69.10% increase. As at 30 September 2024:
- The median value for Houses in Orbost is $316,290 while the median value for Units is $275,788.
- Houses have a median rent of $360.
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