FOR SALE
$520,000

102 Main Street
Rutherglen VIC 3685

Bedrooms: -
Bathrooms: 1
Car spaces: 3
Floor area: 140m2
Land area: 297m2
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Tenanted Investment in High Profile Location

Formally known as the “old Commonweath 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 a annual lease to ATM company NEXT.
Annual rental income: $16,800 per annum + outgoings
Other income: $3,000 per annum

Property Details for 102 Main St, Rutherglen

102 Main St, Rutherglen is a bedroom, 1 bathroom Warehouse with 3 parking spaces. The property has a land size of 297m2 and floor size of 140m2. The place is currently for sale with BUR Real Estate.

Building Type
Warehouse
Floor Size
140m2
Land Size
297m2

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About Rutherglen 3685

The size of Rutherglen is approximately 125.4 square kilometres. It has 8 parks covering nearly 1% of total area. The population of Rutherglen in 2011 was 2,479 people. By 2016 the population was 2,378 showing a population decline of 4.1% in the area during that time. The predominant age group in Rutherglen is 60-69 years. Households in Rutherglen are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Rutherglen work in a labourer occupation. In 2011, 73% of the homes in Rutherglen were owner-occupied compared with 73.6% in 2016.

Rutherglen has 1,610 properties. Over the last 5 years, Houses in Rutherglen have seen a 81.37% increase in median value, while Units have seen a 81.52% increase. As at 31 October 2024:

  • The median value for Houses in Rutherglen is $509,511 while the median value for Units is $338,564.
  • Houses have a median rent of $500 while Units have a median rent of $350.
There are currently 7 properties listed for sale, and 2 properties listed for rent in Rutherglen on OnTheHouse. According to CoreLogic's data, 50 properties were sold in the past 12 months in Rutherglen.

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Bart Hanrahan
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Susan Hanrahan
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BUR Real Estate
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