43 Olinda Monbulk Road,
Olinda, VIC 3788
Hotel, Motel & Leisure
Price information
Sale
$2,050,000 - $2,175,000 + GST
Key property information
Land area
Floor area
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$119,809
Number of Tenants
1 Tenant
Tenants / Type
Pie in the Sky
Private inspections
to arrange a private inspection.
Map of 43 Olinda Monbulk Road
Bus stops within 5 km of 43 Olinda Monbulk Road, Olinda, VIC 3788 Distance Parsons Lane/Monash Ave (Olinda) 121 m Cuckoo Restaurant/Mt. Dandenong Tourist Rd (Olinda) 316 m Olinda Hall/Olinda-Monbulk Rd (Olinda) 389 m Bella Vista Cres/Mt. Dandenong Tourist Rd (Olinda) 421 m 56 Olinda-Monbulk Rd (Olinda) 630 m POWERED BY HERE ©
POWERED BY HERE ©
Prominent Freehold Property with Long-Term Tenant
• Incredible commercial investment opportunity
• Prominent long-term tenants in prime Olinda location
• Paid parking offering a secondary stream of income
• Potential for upper level roofline development
• Expressions of interest
• For GST purposes, this property is being sold as going concern
This high-profile freehold building with established, long-term lease in place is an unparalleled opportunity to secure dual income streams and potential for further development (STCA). Being offered to market for the first time since its original construction, this is an opportunity not to be missed. Highlights include:
- Rental yields of 5-6% expected
- Substantial long-term rental returns
- Decades-long ongoing lease with option for continued renewal
- Beautiful indoor and outdoor door dining
- Significant foot traffic location
- Top Dandenong Ranges tourist destination
• Prominent long-term tenants in prime Olinda location
• Paid parking offering a secondary stream of income
• Potential for upper level roofline development
• Expressions of interest
• For GST purposes, this property is being sold as going concern
This high-profile freehold building with established, long-term lease in place is an unparalleled opportunity to secure dual income streams and potential for further development (STCA). Being offered to market for the first time since its original construction, this is an opportunity not to be missed. Highlights include:
- Rental yields of 5-6% expected
- Substantial long-term rental returns
- Decades-long ongoing lease with option for continued renewal
- Beautiful indoor and outdoor door dining
- Significant foot traffic location
- Top Dandenong Ranges tourist destination
Property ID: 504608508Last Updated: 1 Oct 2024
Fletchers - Yarra Ranges
3/1606 Mt Dandenong Tourist RoadOLINDA, VIC 3788
04183761...
43 Olinda Monbulk Road
Olinda, VIC 3788
Fletchers - Yarra Ranges3/1606 Mt Dandenong Tourist Road
OLINDA, VIC 3788
OLINDA, VIC 3788
