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About this property
Formally known as the "old Commonwealth Bank Building" on the corner of High and Main Streets in the vibrant North East wine region town of Rutherglen. The current tenancy is a long standing tenant on a periodic basis and happy to secure a long term lease should the incoming investor wish. This commercial property boasts a large open retail area, one (1) private office, strong room (bank vault), male and female amenities, lunch/staff room, rear lock-up courtyard and 3-4 car accommodation. Extra income stream via an annual lease to ATM company NEXT. Annual rental income: $16,800 per annum + outgoings Other income: $3,000 per annum
Property Details
- Property Type
- apartment
- Listing Type
- Sold
- Bathrooms
- 1
- Parking
- 3
- Land Area
- 297 m²
- Listed
- 3 months ago
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Neighbourhood
Living in Rutherglen
This apartment in Rutherglen, VIC 3685 sits within reach of public transport, local shops and nearby schools.
Schools near Rutherglen
- Rutherglen Primary Schoolprimary · Prep-6 · CoEd
- Rutherglen High Schoolsecondary · 7-12 · CoEd
What's nearby
- Unnamed (bus) — 946 m away
- Unnamed — 2 m away
- Gollings Square — 62 m away
- Unnamed — 144 m away
- Unnamed — 362 m away
Rutherglen at a glance
Full suburb profile- Population
- 2,579
- Median age
- 48
- Household income
- $1,306/wk
- Median rent
- $250/wk
- Median mortgage
- $1,300/mo
Source: ABS Census.
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Suburb market
Suburb price trend
Rutherglen price trend
Median sold · House 3 bed
Compound growth +7.7% / yr over 4 yrs
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Full Rutherglen marketThis listing
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