53-63 Nicholson Street, Orbost, VIC 3888 | Commercial for sale | OnTheHouse
 
FOR SALE
$1,250,000

53-63 Nicholson Street
Orbost VIC 3888

Bedrooms: -
Bathrooms: -
Car spaces: 20
Floor area: 2074m2
Land area: 2845m2
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PROMINENT FREEHOLD INVESTMENT

NEWLY NEGOTIATED 20 YEAR LEASE MAKES THIS A SET AND FORGET INVESTMENT OPPORTUNITY.
Currently operated by a fantastic tenant on a new 20-year lease, this hotel freehold represents a sound long-term option as a passive set and forget investment for any investor seeking stability. This large hotel is set on approximately 2,845 square metre corner allotment with a huge street presence along Nicholson Street and plenty of room in the rear yard for future development (STCA). The current building includes a 2-storey building with the ground floor housing the main bar, bistro, pool room and outdoor areas, while the 1st floor has accommodation rooms. There's also an old drive through bottle shop detached from the main hotel building which is currently used for functions.
• Commercial 1 Zoned Property
• Corner Allotment of Approximately 2,845 Square Metres
• Large Brick Building with Metal Roof
• Long Term Tenant in place
• Lease Commenced 24/06/2023 runs to 24/06/2043
• Tenant Pays Outgoings including Shire Rates
• Gross ROI from 6.1% Plus Annual CPI Increases
INSPECTIONS TIMES: The pub is open daily however if you wish to tour the property in detail please contact us for available dates.
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Property Details for 53-63 Nicholson St, Orbost

Building Type
Commercial
Floor Size
2074m2
Land Size
2845m2
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About Orbost 3888

The size of Orbost is approximately 208.6 square kilometres. There are 9 parks, covering nearly 86.4% of the total area. The population of Orbost in 2016 was 2227 people. By 2021 the population was 2264 showing a population growth of 1.7% 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 2021, 73.70% of the homes in Orbost were owner-occupied compared with 69.90% in 2016.

Orbost has 1,644 properties. Over the last 5 years, Houses in Orbost have seen a 46.59% increase in median value, while Units have seen a 65.80% increase. As at 30 June 2026:

  • The median value for Houses in Orbost is $370,761 while the median value for Units is $370,958.
  • Houses have a median rent of $415.
There are currently 37 properties listed for sale, and 3 properties listed for rent in Orbost on OnTheHouse. According to Cotality's data, 72 properties were sold in the past 12 months in Orbost.

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Luke Oakley
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Elders Real Estate Orbost
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