94 Mountjoy ParadeLorne VIC 3232
Property Details for 94 Mountjoy Pde, Lorne
Last Listing description (December 2018)
For the first time in over 62 years , the iconic Arab Restaurant and apartment above is for freehold sale. A famous Lorne landmark that has many fantastic memories for all that have visited there over the years. Consisting of two titles, with front and rear access, a fully functional restaurant with all chattels available.Title excludes alfresco entertaining area. Above we have a spacious three bedroom apartment with large open plan design, polished floor boards
and two bathrooms, huge front deck/balcony and double lockup garage at rear.Current zoning may allow for a third storey. S.T.C.A. Inspection by Appointment.
Property History for 94 Mountjoy Pde, Lorne, VIC 3232
- 21 Jan 2020Sold for $1,300,000
- 27 Apr 2018Listed for Sale $2,100,000
- 28 Jul 2004Transferred
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About Lorne 3232
The size of Lorne is approximately 104.7 square kilometres. It has 13 parks covering nearly 110.1% of total area. The population of Lorne in 2016 was 1114 people. By 2021 the population was 1327 showing a population growth of 19.1% in the area during that time. The predominant age group in Lorne is 60-69 years. Households in Lorne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lorne work in a managers occupation.In 2021, 70.10% of the homes in Lorne were owner-occupied compared with 65.00% in 2016.
Lorne has 2,698 properties. Over the last 5 years, Houses in Lorne have seen a 27.37% increase in median value, while Units have seen a 60.36% increase. As at 30 November 2025:
- The median value for Houses in Lorne is $1,731,370 while the median value for Units is $956,431.
- Houses have a median rent of $650 while Units have a median rent of $500.
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