FOR SALE
$470,000 - $495,000

11-13 Majorca Road
Maryborough VIC 3465

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 250m2
Land area: 832m2
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Golden Investment Opportunity: Commercial & Residence

This commercial property features a reliable long-term tenant, an exceptional investment opportunity awaits. This unique offering combines business premises and residential home, generating a consistent rental income of $490 per week, with annual increases based on CPI and an existing lease, extending for an additional 4 x 3 years.Rates and water paid by renter.
Nestled on an 832 m² corner allotment, the property boasts ample land space for future possibilities. The weatherboard home includes three bedrooms and a study, perfectly integrated with the adjacent retail premises. Currently operating as a successful takeaway shop with a dedicated long-term tenant for shop and house combined.
While the residential home might not be a showpiece, there's significant potential for updates both inside and out, adding value to this asset. Located in the heart of the goldfields, in the thriving corridor between Bendigo and Ballarat, this property is a promising investment in a growing regional city, Maryborough.
Please note that this property is not available for vacant possession and is competitively priced based on its attractive rental return, land size, and available building space. If this opportunity sparks your interest, we encourage you to reach out for a direct discussion.
Don't miss your chance to secure this investment gem.
TH0412.
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Property Details for 11-13 Majorca Rd, Maryborough

Building Type
Commercial
Floor Size
250m2
Land Size
832m2

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About Maryborough 3465

The size of Maryborough is approximately 48 square kilometres. It has 16 parks covering nearly 40% of total area. The population of Maryborough in 2011 was 7,631 people. By 2016 the population was 7,922 showing a population growth of 3.8% in the area during that time. The predominant age group in Maryborough is 60-69 years. Households in Maryborough are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Maryborough work in a labourer occupation. In 2011, 68.8% of the homes in Maryborough were owner-occupied compared with 66.6% in 2016.

Maryborough has 5,296 properties.

    There are currently 138 properties listed for sale, and 13 properties listed for rent in Maryborough on OnTheHouse. According to CoreLogic's data, 203 properties were sold in the past 12 months in Maryborough.

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