74 Bushfield CrescentCoolaroo VIC 3048
Property Details for 74 Bushfield Cres, Coolaroo
Last Listing description (August 2024)
Situated in a prime location in Coolaroo, this commercial property offers excellent visibility and accessibility. It benefits from being adjacent to Coolaroo Primary School, ensuring a steady flow of local traffic.
Currently operating as a Fish & Chip shop for over a decade, this property presents a turnkey solution for buyers interested in a stable income stream from day one. The sale includes both the property and all equipment necessary for running the business, providing immediate operational continuity.
Property Features:
- Parking: Includes 1 designated parking space at the back.
- Facilities: Equipped with 1 toilet for staff.
- School Proximity: Adjacency to Coolaroo Primary School enhances potential customer base and daily foot traffic.
- Storage shed.
Ideal for investors seeking a property with an established business and reliable tenant, or entrepreneurs looking to enter the food service industry with a proven model. The stability and location of this property offer significant value and growth potential in Coolaroo's commercial landscape.
All information about this property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to this property.
Property History for 74 Bushfield Cres, Coolaroo, VIC 3048
- 19 Jun 2024Listed for Sale Open inspection: Friday 12th July 1pm
- 03 Jun 2008Sold for $204,000
- 12 Oct 2007Listed for Sale $220,000
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About Coolaroo 3048
The size of Coolaroo is approximately 3.1 square kilometres. It has 4 parks covering nearly 3.6% of total area. The population of Coolaroo in 2011 was 3,261 people. By 2016 the population was 3,183 showing a population decline of 2.4% in the area during that time. The predominant age group in Coolaroo is 20-29 years. Households in Coolaroo are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Coolaroo work in a labourer occupation. In 2011, 69.4% of the homes in Coolaroo were owner-occupied compared with 66.1% in 2016.
Coolaroo has 1,763 properties. Over the last 5 years, Houses in Coolaroo have seen a 22.00% increase in median value, while Units have seen a 13.44% increase. As at 31 August 2024:
- The median value for Houses in Coolaroo is $550,643 while the median value for Units is $438,612.
- Houses have a median rent of $480.
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