OFF MARKET

29 Browning Street
Orbost VIC 3888

Bedrooms: 4
Bathrooms: 2
Car spaces: -
Land area: 1194m2
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Last updated 18 Nov 2024
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Property Details for 29 Browning St, Orbost

29 Browning St, Orbost is a 4 bedroom, 2 bathroom House. The property has a land size of 1194m2. While the property is not currently for sale or for rent, it was last sold in June 2016.

Building Type
House
Land Size
1194m2
Local Government
East Gippsland
Lot/Plan
14B~10/PP5618

Last Listing description (November 2024)

Here is a great opportunity to start your property portfolio or add to your existing investment portfolio. This large large home which is commercially zoned property sits on a 1194m allotment and is located right in the heart of Orbost, directly next to the Police Station and Court House. The home has been converted to offices and is currently tenanted by a Victorian State Government client, with a secure lease in place for the next two years, with another three-year option.

The well-maintained brick building on the site has been configured with four consultancy rooms, a large open office space with enough room for five workstations and storage cabinets, a large kitchen/lunchroom and two bathrooms. The building has two separate front entries which provides the possibility of two tenancies operating from the site, each with its own bathroom, and with the kitchen attached to either tenancy (or shared).

A large yard with a children's playground, vegetable garden and outdoor seating area sits behind the current building and a small storage shed is located alongside. There is ample off-street parking for staff and clients, with the carpark able to accommodate up to 18 cars.

This is a great opportunity to purchase a secure investment with a reliable long-term tenant set and forget! Going forward, the new owner may have the opportunity to better utilise the current fit-out to accommodate two or more tenants or even extend the current building on this large site (STCA).

Orbost is a thriving Regional town with a Regional hospital, medical centre and health facilities as well as an aged care home and retirement village. There are a variety of government departments such as DWELP, Parks, Vicroads, Centrelink, Medicare, Ambulance service, water department, Gas works and a Shire Depot and a large Secondary college and primary schools. This can also create a demand for commercial offices. Orbost is approximately a four and a half hour drive from Melbourne or Canberra.

Please view our Virtual Tour and contact Richard Ivey on 0401 113 310 for more information.

Property History for 29 Browning St, Orbost, VIC 3888

A timeline of how this property has performed in the market
Last Sold
$205,000
24 Jun 2016
  • 07 Jun 2023
    Listed for Sale $475,000
  • 24 Jun 2016
    Sold for $205,000
  • 01 Mar 2016
    Listed for Sale Price Upon Application
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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 75.94% increase in median value, while Units have seen a 138.07% increase. As at 31 October 2024:

  • The median value for Houses in Orbost is $323,047 while the median value for Units is $352,094.
  • Houses have a median rent of $360.
There are currently 28 properties listed for sale, and 1 property listed for rent in Orbost on OnTheHouse. According to CoreLogic's data, 56 properties were sold in the past 12 months in Orbost.

Suburb Insights for Orbost 3888

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.