SOLD
Sold on 04 Jun 2024 for $712,500

4/144-148 Nicholson Street
Orbost VIC 3888

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 54m2
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Property Details for 4/144-148 Nicholson St, Orbost

Building Type
Commercial
Land Size
54m2
Local Government
East Gippsland
Lot/Plan
5/PS316124

Last Listing description (November 2023)

Here's an opportunity to start your business or expand your existing business in the modern Orbost Arcade. This newly available space would be suitable for a range of businesses and has separately metered power and water. The shop has an abundance of window space overlooking the courtyard and plenty of natural light. There are some internal dividers in place, a sink at the rear and a split system, reverse cycle air conditioner.

The rear entry to the courtyard provides plenty of parking in the public car park while the front entrance provides easy access from the main street. The Arcade is home to a variety of other businesses and flexible lease terms are available.

For further information, please contact Toni seven days a week on 0413 616 660.

Property History for 4/144-148 Nicholson St, Orbost, VIC 3888

A timeline of how this property has performed in the market
Last Sold
$712,500
04 Jun 2024
Listed for Rent
$10k/w
16 Nov 2023
  • 04 Jun 2024
    Sold for $712,500
  • 16 Nov 2023
    Listed for Rent $10,400 / year

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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 29 properties listed for sale, and 1 property listed for rent in Orbost on OnTheHouse. According to CoreLogic's data, 57 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.