14 Lorne Street, Lalor, VIC 3075 | Commercial for sale | OnTheHouse
 
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14 Lorne Street
Lalor VIC 3075

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 81m2
Land area: 190m2
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Squeaky Clean Investment

Introducing an investment opportunity at 14 Lorne Street, Lalor, perfectly positioned on a 193 m2 block within a Commercial 1 zone. This versatile property is currently leased to a laundromat, generating approximately $16,460 per annum, with the lease set to expire in May 2029. The lease includes optional further terms of 5 x 3 x 3 x 3 x 3 years, with a 2.5% rent increase on each renewal.
Boasting high street visibility, the property enjoys excellent exposure to passing traffic and is ideally located within close proximity to public transport, shopping centres, and schools, ensuring consistent footfall and convenience. 14 Lorne Street represents a rare combination of secure rental income and long-term capital growth potential. Whether you are an investor seeking a reliable cash-flowing asset or looking to capitalise on Lalor's thriving property market, this property offers an outstanding opportunity.
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Material Facts: Refer to the Contract of Sale and Vendor Statement for all disclosures.
While every effort has been made to ensure the accuracy of the information provided, Ray White Thomastown does not accept any liability for errors or omissions. Interested parties are advised to conduct their own investigations to confirm all details, including land size.
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Property Details for 14 Lorne St, Lalor

Building Type
Commercial
Floor Size
81m2
Land Size
190m2
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About Lalor 3075

The size of Lalor is approximately 9.3 square kilometres. There are 27 parks, covering nearly 11.6% of the total area. The population of Lalor in 2016 was 22594 people. By 2021 the population was 23219 showing a population growth of 2.8% in the area during that time. The predominant age group in Lalor is 30-39 years. Households in Lalor are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lalor work in a professional occupation.In 2021, 69.50% of the homes in Lalor were owner-occupied compared with 70.60% in 2016.

Lalor has 10,082 properties. Over the last 5 years, Houses in Lalor have seen a 13.94% increase in median value, while Units have seen a 23.67% increase. As at 31 May 2026:

  • The median value for Houses in Lalor is $793,455 while the median value for Units is $557,147.
  • Houses have a median rent of $540 while Units have a median rent of $495.
There are currently 49 properties listed for sale, and 28 properties listed for rent in Lalor on OnTheHouse. According to Cotality's data, 406 properties were sold in the past 12 months in Lalor.

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Julian Cannavo
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Tan Nguyen
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Ray White Thomastown
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