31 May Road, Lalor, VIC 3075 sold on 15 November 2025 | OnTheHouse
 
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Sold on 15 Nov 2025 - Price Unavailable

31 May Road
Lalor VIC 3075

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 185m2
Land area: 259m2
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Property Details for 31 May Rd, Lalor

Building Type
Commercial
Floor Size
185m2
Land Size
259m2

Last Listing description (November 2025)

An exceptionally rare opportunity presents itself with this well-positioned retail shop located at 31 May Road, Lalor - right in the centre of one of the area's most vibrant and high-traffic shopping strips. Perfectly suited for investors, this property offers excellent street exposure, consistent pedestrian activity, and close proximity to established retailers, eateries, and essential local amenities.

The property is currently leased, providing a secure and reliable rental income of approximately $43,045.56 per annum. The lease expires in February 2030, with one optional further term of five (5) years. The lease also includes fixed annual rent increases of three per cent (3%) per annum plus GST.

Its versatile floor space accommodates a wide range of commercial uses, while rear access via the laneway and nearby public parking enhances convenience for both operators and customers. This property sits in a central location, take your pick between Lalor Train Station approximately 950m away and Thomastown Train station approximately 800m away and surrounded by popular local businesses, cafes, and supermarkets, this location benefits from strong ongoing foot traffic and a loyal community base.

Zone: Commercial 1.

Land Area 259 m2 Approx.

Floor Area 185 m2 Approx.

Important Information:

For details on property due diligence, please visit: consumer.vic.gov.au/duediligencechecklist

To view our Privacy Policy and Collection Notice, visit: raywhite.com/franchisee-privacy-policy

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 History for 31 May Rd, Lalor, VIC 3075

A timeline of how this property has performed in the market
Last Sold
15 Nov 2025
  • 15 Nov 2025
    Sold for $1,025,000
  • 13 Oct 2025
    Listed for Sale Auction Saturday 15th November at 11am
  • 20 Nov 1991
    Sold for $268,000
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About Lalor 3075

The size of Lalor is approximately 9.3 square kilometres. It has 27 parks covering nearly 11.6% of 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 10,087 properties. Over the last 5 years, Houses in Lalor have seen a 20.15% increase in median value, while Units have seen a 27.76% increase. As at 31 October 2025:

  • The median value for Houses in Lalor is $772,986 while the median value for Units is $557,349.
  • Houses have a median rent of $520 while Units have a median rent of $480.
There are currently 47 properties listed for sale, and 35 properties listed for rent in Lalor on OnTheHouse. According to Cotality's data, 409 properties were sold in the past 12 months in Lalor.

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