31 May RoadLalor VIC 3075
Property Details for 31 May Rd, Lalor
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.
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Material Facts: Refer to the Contract of Sale and Vendor Statement for all disclosures.
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Property History for 31 May Rd, Lalor, VIC 3075
- 15 Nov 2025Sold for $1,025,000
- 13 Oct 2025Listed for Sale Auction Saturday 15th November at 11am
- 20 Nov 1991Sold for $268,000
Recent sales nearby
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0About 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 10,088 properties. Over the last 5 years, Houses in Lalor have seen a 20.00% increase in median value, while Units have seen a 29.52% increase. As at 31 December 2025:
- The median value for Houses in Lalor is $786,150 while the median value for Units is $559,908.
- Houses have a median rent of $520 while Units have a median rent of $480.
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