Stellar Investment Opportunity!
20 Rutherglen Road, Newborough VIC 3825
$699,000 (Going Concern)
RetailSize: n/a
Block size: 755 m² approx.
Harcourts Warragul are delighted to present 18-20 Rutherglen Rd Newborough For Sale.
A unique opportunity to purchase a fully tenanted dual income investment with a commercial premises at the front and a residence at the rear, providing the best of both worlds for the discerning investor. Located within the tightly held Rutherglen Rd retail precinct and positioned on 755sqm* of mixed use land, the key highlights include:
COMMERCIAL TENANCY
- Total floor area 157sqm*
- Excellent street appeal
- Two entrances
- Bifold windows along the front
- Three toilets (two on main level and one upstairs)
- Previously used as a café, and with commercial kitchen still in place
- Upstairs mezzanine and office
-Plenty of customer parking on the street, as well as council car park next door with a further 24 spaces*
- Currently leased to a therapy services business, returning $25,500 pa + GST and the tenant pays all usual building outgoings. Initial two year lease commenced December 2023. Further two year option followed by one year. 4% annual rent increases and market review at the beginning of each option.
RESIDENTIAL TENANCY
- Total floor area 133sqm*
- 2 Bedrooms (Both with robes, main with walk in)
- Separate office
- Large bathroom with corner bath and double rain head shower
- Open plan living/dining and well appointed kitchen with curved benchtop, freestanding gas cooktop, and dishwasher
- Hard wood flooring throughout
- Separate laundry
- Private alfresco - perfect for the entertainer
- Fully fenced backyard with established gardens
- Detached double garage with toilet and 3 phase power
- Currently leased to excellent tenants returning $350pw
*Denotes approximate
For further information or to arrange an inspection, please contact Marino Perioris on 0476 808 845 or marino.perioris@harcourts.com.au
A unique opportunity to purchase a fully tenanted dual income investment with a commercial premises at the front and a residence at the rear, providing the best of both worlds for the discerning investor. Located within the tightly held Rutherglen Rd retail precinct and positioned on 755sqm* of mixed use land, the key highlights include:
COMMERCIAL TENANCY
- Total floor area 157sqm*
- Excellent street appeal
- Two entrances
- Bifold windows along the front
- Three toilets (two on main level and one upstairs)
- Previously used as a café, and with commercial kitchen still in place
- Upstairs mezzanine and office
-Plenty of customer parking on the street, as well as council car park next door with a further 24 spaces*
- Currently leased to a therapy services business, returning $25,500 pa + GST and the tenant pays all usual building outgoings. Initial two year lease commenced December 2023. Further two year option followed by one year. 4% annual rent increases and market review at the beginning of each option.
RESIDENTIAL TENANCY
- Total floor area 133sqm*
- 2 Bedrooms (Both with robes, main with walk in)
- Separate office
- Large bathroom with corner bath and double rain head shower
- Open plan living/dining and well appointed kitchen with curved benchtop, freestanding gas cooktop, and dishwasher
- Hard wood flooring throughout
- Separate laundry
- Private alfresco - perfect for the entertainer
- Fully fenced backyard with established gardens
- Detached double garage with toilet and 3 phase power
- Currently leased to excellent tenants returning $350pw
*Denotes approximate
For further information or to arrange an inspection, please contact Marino Perioris on 0476 808 845 or marino.perioris@harcourts.com.au
Inspections
No open inspections scheduled.
Send an enquiry
Contact Marino Perioris to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Retail
Block Size:
755 m²*
Other Details
Lot:
1
Plan:
TP222752
Legal description:
1\TP222752
Maps and area information
Block information
Block size: 755m² (approx)
Legal description: 1\TP222752
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
Sorry, overlays are not available for this address
Need more info? We've got you covered.
A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.
Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
28 Jun 2021
Sold
Harcourts Warragul
Listed: 10/06/2021
Block size: 755m²
Transfer type: Full transfer
Newborough suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
45 years
Population
6,886
Listing ID: 182411001. This listing has been viewed 0 times. It was first displayed on 28/03/2024 and last updated on 28/03/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.