Retail Investment-Thriving Mount-Dandenong Tourist Location.

Sale Details

Sold on 17 May 2019

Description

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:
- Long standing gift and craftware business operating as the 'The Real Thing Craft Centre' together with Rubies & Rust / Touchstone
- 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.