Added 3 days ago
43 Olinda Monbulk Road,
Olinda, VIC 3788
Shops & Retail
Added 3 days ago
Key property information
Land area
Floor area
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$119,809
Number of Tenants
1 Tenant
Tenants / Type
Pie in the Sky
Private inspections
to arrange a private inspection.
Map of 43 Olinda Monbulk Road
Bus stops within 5 km of 43 Olinda Monbulk Road, Olinda, VIC 3788 Distance Parsons LaneMonash Ave Olinda 122 m Cuckoo Restaurant/Mt. Dandenong Tourist Rd (Olinda) 316 m Olinda Hall/Olinda-Monbulk Rd (Olinda) 389 m Bella Vista CresMt Dandenong Tourist Rd Olinda 421 m 56 OlindaMonbulk Rd Olinda 630 m POWERED BY HERE ©
POWERED BY HERE ©
Prominent Freehold Property with Long-Term Tenant
• Incredible commercial investment opportunity
• Prominent long-term tenants in prime Olinda location
• Paid parking offering a secondary stream of income
• Potential for upper level roofline development
• For GST purposes, this property is being sold as going concern
This high-profile freehold building with established, long-term lease in place is an unparalleled opportunity to secure dual income streams and potential for further development (STCA). Being offered to market for the first time since its original construction, this is an opportunity not to be missed. Highlights include:
- Rental yields of 7%
- Substantial long-term rental returns
- Decades-long ongoing lease with option for continued renewal
- Beautiful indoor and outdoor door dining
- Significant foot traffic location
- Top Dandenong Ranges tourist destination
• Prominent long-term tenants in prime Olinda location
• Paid parking offering a secondary stream of income
• Potential for upper level roofline development
• For GST purposes, this property is being sold as going concern
This high-profile freehold building with established, long-term lease in place is an unparalleled opportunity to secure dual income streams and potential for further development (STCA). Being offered to market for the first time since its original construction, this is an opportunity not to be missed. Highlights include:
- Rental yields of 7%
- Substantial long-term rental returns
- Decades-long ongoing lease with option for continued renewal
- Beautiful indoor and outdoor door dining
- Significant foot traffic location
- Top Dandenong Ranges tourist destination
Olinda, 3788 demographic data
The median household income for Olinda is $1,995, 5% higher than Greater Melbourne's household income of $1,901. Olinda has an older age profile compared to the rest of Greater Melbourne (median age 45 vs 37). Property ownership data shows 54% of property owners in Olinda have a mortgage.
1,773
Population
$1,995 per week
Median household income
45 years
Median age
Owners
Most residents
Families
Most households
04183761...
43 Olinda Monbulk Road
Olinda, VIC 3788
Fletchers - Yarra Ranges3/1606 Mt Dandenong Tourist Road
OLINDA, VIC 3788
OLINDA, VIC 3788
Similar properties
Other properties you might be interested in based on the location and property type you are looking at.
