508 Mount Dandenong Tourist Road

Olinda VIC 3788

3.89 ha.

House

Last sold for $2,350,000

Elliot Bell, last sold this property on 10 August 2025 after 423 days on market.

Overview

RECEIVERS SALE - Expansive Mount Dandenong Hospitality Opportunity

Under the instructions of Receivers and Managers, Loebenstein Insolvency, Colliers and Bell Real Estate are pleased to offer 508 Mount Dandenong Tourist Road, Olinda for sale via Expressions of Interest closing Thursday 22nd May 2025 at 3pm (AEST) The property is offered with vacant possession providing pure flexibility to either occupy, invest or value add. Situated on a 3.89 ha land parcel, the asset provides an expansive offering encompassing a 3 level, 400+ seat hospitality venue. Key Highlights: - Land parcel of 3.87ha - Sold with Vacant Possession - Hospitality fit out - Multiple on-site carparks accommodating in excess of 400 cars - Caretakers’ cottage For Sale via Expressions of Interest campaign closing 3pm Thursday 22nd May 2025 (AEST). Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition) Interested parties should make their own enquiries and obtain their own legal advice.

Features

2 bedrooms

1 bathroom

3.89 ha. lot size

House

Estimated Value

Based on this property and similar 2 bedroom houses sold in Olinda over the last 12 months, the estimated median property value of 508 Mount Dandenong Tourist Road is $767.5k.

Median value

$767.5k

Estimated value range

$388k - $2.35m

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Olinda. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.