10 Parsons Lane, Olinda, VIC 3788

Retail

Sold

  • Property ID: 425856
  • Floor Area: 160m²
  • Land Area: 1264m²
  • NBN Availability: Service Available - Fibre to the curb (FTTC)
Street View
Sold / Leased Results

Name Result Date Floor Land Result Price
10 Parsons Lane, Olinda Sold 28/04/2023 160m2 1264m2 Contact Agent
MULTIPLE TENANTS ON A GREAT PARCEL OF LAND

Appleby Commercial is pleased to offer 10 Parsons Lane, Olinda for sale.

The property is located within the tightly held Olinda township and would be suited to the astute investor.

Property Features:
- Land area: 1264m2
- Total building area: 160m2
- 4 Shops (All Leased)
- Car park via Parsons Lane: 11 spaces
- Direct access to Olinda-Monbulk Road via lane
- Opportunity for future re-development (STCA)

Lease Details:
Shop 1 (Building area: 31.5m2)
- Returning: $21,500 net p.a.
- Term: 2 years commencing 3rd March 2023

Shop 2 (Building area: 35.4m2)
- Returning: $23,465.45 net p.a.
- Term: 5 years commencing 1st March 2022

Shop 3 & 4 (Building area: 78m2)
- Returning: $21,458.18 net p.a.
- Term: 5 years commencing 1st March 2021

Total Return: $66,423.63 net p.a.

For further information or to arrange an inspection please contact Appleby Commercial today.

Additional Information
Features
  • Availability: 30/60 days
  • Lease Term: 5 Years
  • Car Spaces: 11 Shared
  • Air Conditioning: Yes
Outgoings
  • Water Rates: Tenant Pays
  • Council Rates: Tenant Pays
Olinda Suburb Profile
Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices --- $667 ---
Retail $4918 --- ---
This is the average advertised price, rent and yield for Olinda, VIC 3788*
Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
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  Appleby Real Estate

 

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Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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