SOLD
Sold on 15 Jul 2024 for $170,000

174 Nicholson Street
Orbost VIC 3888

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 265m2
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Property Details for 174 Nicholson St, Orbost

Building Type
Commercial
Land Size
265m2
Local Government
East Gippsland
Lot/Plan
1/TP386766

Last Listing description (August 2024)

Looking for a lucrative investment in prime real estate? Look no further!
This exceptional freehold property situated in Orbost CBD offers unparalleled value for savvy investors.

Prime Location: Nestled on the main street, this well-maintained building enjoys a prominent position in the heart of Orbost's bustling commercial district. Spanning approximately 268 sqm of commercial land, its strategic location guarantees maximum exposure and foot traffic.

High-Traffic Area: Positioned between a service station and a supermarket, this property benefits from constant high-volume foot traffic, ensuring visibility and potential for sustained business growth.

Versatile Retail Space: The spacious building features a large retail area currently leased to a thriving bakery business. With a stable lease in place, investors can enjoy a steady income stream and long-term stability. Additionally, the property offers multiple auxiliary spaces including a coolroom, 2 dry store spaces, toilets, and a back office, providing versatility and potential for further development.

Blue Chip Investment: Don't miss out on this rare opportunity to secure a blue-chip investment in Orbost's thriving commercial landscape. For more information or to schedule a viewing, contact Luke Oakley today. Inspections are available by appointment only.

Invest in success, invest in Orbost CBD. Contact us now to seize this prime investment opportunity!

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Property History for 174 Nicholson St, Orbost, VIC 3888

A timeline of how this property has performed in the market
Last Sold
$170,000
15 Jul 2024
  • 15 Jul 2024
    Sold for $170,000
  • 01 Jul 2024
    Listed for Sale $249,000 + GST If Applicable.
  • 26 Sep 2017
    Listed for Sale $520,000 + GST (if applicable)
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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 1,627 properties. Over the last 5 years, Houses in Orbost have seen a 79.89% increase in median value, while Units have seen a 56.69% increase. As at 30 November 2024:

  • The median value for Houses in Orbost is $331,571 while the median value for Units is $294,427.
  • Houses have a median rent of $350.
There are currently 25 properties listed for sale, and no properties listed for rent in Orbost on OnTheHouse. According to CoreLogic's data, 56 properties were sold in the past 12 months in Orbost.

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