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234-236 Ridge Rd 979 SF Office/Retail Condo Unit Offered at $376,324 in Olinda, VIC 3788
Investment Highlights
- Located on the main commercial street in Olinda, surrounded by cafés, boutiques, and specialty retail.
- Open, adaptable floor plan suitable for retail or office uses.
- Reverse-cycle split heating and cooling system ensures year-round comfort.
- Expansive double-front window display providing excellent street presence and natural light.
- On-site amenities include a bathroom and sink for operational convenience.
- Combination of front-of-shop and private rear parking for easy access.
Executive Summary
The property is situated in Olinda within Victoria’s Dandenong Ranges and is zoned Commercial (General). It includes a standalone treatment system and is accessible via Ridge Road, a main thoroughfare. The site features a single-story construction with approximately 9 meters of street frontage. It is serviced by public transport, with the nearest bus stop within 53 meters on Mt Dandenong Tourist Road. The area is characterized by a mix of retail, hospitality, and residential properties, with proximity to local schools and community amenities such as Olinda Primary School and Mount Dandenong facilities.
1 Unit Available
Unit 234
| Unit Size | 979 SF | Sale Type | Investment or Owner User |
| Price | $376,324 | Cap Rate | 5.00% |
| Price Per SF | $384.40 | NOI | $18,816.20 |
| Condo Use | Office/Retail | Sale Conditions | Lease Option |
| Unit Size | 979 SF |
| Price | $376,324 |
| Price Per SF | $384.40 |
| Condo Use | Office/Retail |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.00% |
| NOI | $18,816.20 |
| Sale Conditions | Lease Option |
Description
Step into an exceptional ownership opportunity with this well-positioned commercial condo in Olinda, set amid the picturesque Dandenong Ranges. Located on the main street, the property offers strong visibility and consistent foot traffic from a mix of local residents and visitors exploring the area’s boutique retail and dining scene.
Designed for adaptability, the property features a generous open-plan layout that can easily be tailored for specialty retail or professional office use. Its prominent double-front window display enhances street presence, inviting maximum exposure for your brand. Practical amenities, including a bathroom and sink, ensure convenience, while comfort is maintained year-round through a reverse-cycle air conditioning system.
Parking is a standout feature, with options both at the front and a private rear parking area, delivering easy accessibility for customers and staff. Zoned for General Commercial use and equipped with a standalone treatment plant, the condo promises flexibility for a variety of business types. Situated in one of Victoria’s most celebrated tourist destinations, this property combines lifestyle appeal with steady market demand, making it a compelling investment for owner-occupiers or investors seeking to secure their position in Olinda’s vibrant commercial strip.
Sale Notes
Seize a unique opportunity to acquire a versatile commercial property prominently positioned on Ridge Road in the scenic Dandenong Ranges. This well-maintained shopfront ensures strong exposure along Olinda’s main retail corridor, benefiting from consistent tourist traffic and a robust local community. Designed for flexibility, the open-plan layout can accommodate a range of business functions, from boutique retail to professional services.
The property boasts dual accessibility with prominent front-of-shop parking and additional private parking at the rear, ideal for both customers and staff. Features include a large double-front window display, enhancing visibility for any business, and essential amenities such as an internal bathroom and sink for convenience. Comfort is assured year-round with reverse cycle split-system heating and cooling. Positioned in a Commercial (General) Zone and supported by a standalone treatment plant, this property offers adaptability for an owner-occupier or investor exploring long-term growth in one of Victoria’s most distinctive retail villages.
Whether you are looking to capitalize on Olinda’s thriving local character or attract visitors seeking boutique shopping experiences, this property presents significant upside.
Interior photo
Floor plan
Interior photo
Interior photo
Property Facts
| Total Building Size | 2,713 SF | Floors | 1 |
| Property Type | Retail (Condo) | Typical Floor Size | 2,713 SF |
| Property Subtype | Storefront | Lot Size | 0.06 AC |
| Building Class | C |
| Total Building Size | 2,713 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 2,713 SF |
| Lot Size | 0.06 AC |
Presented by
234-236 Ridge Rd
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