74A Robin AvenueNorlane VIC 3214
Property Details for 74a Robin Ave, Norlane
Last Listing description (October 2019)
What an Investment!!!!! 2 titles, 1 great tenant which could easily become 2. The property is adjacent to the recently brand new Baptcare Coasthaven Community Centre and presents a superb Investment in the Robin Avenue shopping strip which also has a second accessible shop from Eagle Parade. The Property is being offered with a great current tenant in place and is on two titles.
You could simply rent out the second shop or even sell it should you wish.
* Current total Income: $15,000 per annum + GST + Outgoings
* Building area: 172m2 approx
* Land area: 195m2 approx
* Zoned: Commercial 1
Retail Space Located In Eagle Pde- Potential rent $7,000 approx plus
This small affordable shop is located at the side of the Robin Avenue shopping strip and accessible from Eagle Parade. Well presented, it would suit as a hair or beauty salon and the owner even has furniture & equipment available for purchase to operate this type of business. Great opportunity for a new business to establish themselves.
* Building area: 30m2 approx
* External toilet
* Small courtyard
* Zoned: Commercial 1
Property History for 74a Robin Ave, Norlane, VIC 3214
- 09 Oct 2019Sold for $225,000
- 04 Sep 2019Listed for Sale $290,000 to $320,000
Recent sales nearby
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0About Norlane 3214
The size of Norlane is approximately 5.0 square kilometres. It has 10 parks covering nearly 8.5% of total area. The population of Norlane in 2016 was 8306 people. By 2021 the population was 8682 showing a population growth of 4.5% in the area during that time. The predominant age group in Norlane is 20-29 years. Households in Norlane are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Norlane work in a labourer occupation.In 2021, 41.40% of the homes in Norlane were owner-occupied compared with 43.40% in 2016.
Norlane has 5,511 properties. Over the last 5 years, Houses in Norlane have seen a 36.43% increase in median value, while Units have seen a 45.07% increase. As at 31 December 2025:
- The median value for Houses in Norlane is $507,715 while the median value for Units is $459,799.
- Houses have a median rent of $400 while Units have a median rent of $415.
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