SOLD
Sold on 14 May 2024 for $825,000

79 Olinda Street
Quarry Hill VIC 3550

Bedrooms: 4
Bathrooms: 1
Car spaces: -
Floor area: 124m2
Land area: 553m2
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Property Details for 79 Olinda St, Quarry Hill

Building Type
Commercial
Floor Size
124m2
Land Size
553m2
Local Government
Greater Bendigo
Lot/Plan
1~76C/PP3473A

Last Listing description (June 2024)

Introducing a rare opportunity to secure a central commercial property with immense potential for development and growth! Located in a prime location less than 3 minutes from Bendigo CBD, this property is sure to impress. With an impressive 10,000 (approx.) cars passing by every day, this property is frequented by a huge amount of cars and pedestrians, providing an excellent opportunity for exposure and growth.

One of the most exciting aspects of this property is its potential for development. Whether you choose to develop upwards and build apartments, corporate businesses, or hospitality establishments, this property provides the space and potential to achieve your goals (STCA).

In addition to its potential for development, the property presents the perfect opportunity for a coffee shop drive-through or other hospitality businesses due to its high exposure location (STCA). One of the most valuable aspects of this property is its potential ample parking space, with the possibility to provide 349 car parks (STCA).

The exposed red brick feature wall in the property adds an extra level of character and charm. This unique and eye-catching feature is sure to catch the attention of passersby, helping to attract even more customers to your business.

Perhaps the most valuable aspect of this property is its prime location, this property is located in a highly sought-after area with plenty of foot traffic and potential for growth. With many cars and pedestrians passing by every day, this property provides an excellent opportunity for exposure and growth.

Whether you're looking to start a new business or expand an existing one, this property provides an excellent opportunity to achieve your goals. With so much potential for development, growth, and exposure, this central commercial property is sure to be a valuable asset for years to come. Contact us today for more information!

**GST may be applicable**

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Property History for 79 Olinda St, Quarry Hill, VIC 3550

A timeline of how this property has performed in the market
Last Sold
$825,000
14 May 2024
  • 14 May 2024
    Sold for $825,000
  • 10 May 2023
    Listed for Sale NEW PRICE!! $1,100,000
  • 08 Jul 2015
    Sold for $550,000
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About Quarry Hill 3550

The size of Quarry Hill is approximately 2.4 square kilometres. It has 4 parks covering nearly 27.1% of total area. The population of Quarry Hill in 2011 was 2,339 people. By 2016 the population was 2,343 showing a population growth of 0.2% in the area during that time. The predominant age group in Quarry Hill is 20-29 years. Households in Quarry Hill are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Quarry Hill work in a professional occupation. In 2011, 61.9% of the homes in Quarry Hill were owner-occupied compared with 62.2% in 2016.

Quarry Hill has 1,292 properties. Over the last 5 years, Houses in Quarry Hill have seen a 51.47% increase in median value, while Units have seen a 46.70% increase. As at 31 October 2024:

  • The median value for Houses in Quarry Hill is $582,776 while the median value for Units is $362,963.
  • Houses have a median rent of $450 while Units have a median rent of $390.
There are currently 6 properties listed for sale, and 2 properties listed for rent in Quarry hill on OnTheHouse. According to CoreLogic's data, 53 properties were sold in the past 12 months in Quarry hill.

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