13 Olinda-Monbulk RoadOlinda VIC 3788
Property Details for 13 Olinda-Monbulk Rd, Olinda
Last Listing description (May 2019)
A rare retail investment opportunity known as 13-15 Olinda-Monbulk Road, Olinda is for sale for the first time in thirty years.
This charming double front lock up shop is offered for sale for the first time in over 30 years and is prominently located within the scenic town of Olinda. Forming part of the spectacular Yarra Ranges, Olinda is a renowned local and tourist destination 36 kilometres east of the Melbourne CBD. The Yarra Ranges are home to the iconic Puffing Billy Railway, picturesque function destinations, multiple lookouts, as well as walking and hiking trails. The township is well-known for its beautiful, bushy surrounds and it's unique and eclectic mix of restaurants, cafes and stores.
Key features of the property include:
- Current rental of $57,308.28 per annum plus GST
- Recently renewed lease 5 + 5 years
- Commercial 1 Zoning
- On-Site Car parking for 4-6 vehicles
- Future 'value add' potential with rear land and right of way access
- Popular Retail Strip with well known neighbours such as: Fletchers Real Estate, Bells Real Estate, Olinda Pharmacy, Pie in the Sky, Ranges at Olinda, together with Olinda Fire and Police Station's.
Whether you're looking for your first investment property, or looking to diversify your portfolio, this is a great opportunity to secure this valuable investment.
Please contact CVA for further information.
*Approx
Pricing excludes GST.
Property History for 13 Olinda-Monbulk Rd, Olinda, VIC 3788
- 08 May 2019Sold for $900,000
- 15 Feb 2019Listed for Sale Not Disclosed
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About Olinda 3788
The size of Olinda is approximately 17.9 square kilometres. It has 23 parks covering nearly 101.6% of total area. The population of Olinda in 2016 was 1738 people. By 2021 the population was 1773 showing a population growth of 2.0% in the area during that time. The predominant age group in Olinda is 60-69 years. Households in Olinda are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Olinda work in a professional occupation.In 2021, 85.20% of the homes in Olinda were owner-occupied compared with 82.90% in 2016.
Olinda has 972 properties. Over the last 5 years, Houses in Olinda have seen a 16.24% increase in median value, while Units have seen a 105.75% increase. As at 31 December 2025:
- The median value for Houses in Olinda is $1,065,547 while the median value for Units is $1,267,680.
- Houses have a median rent of $795.
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