FOR SALE
$490,000

128-130 Main Street
Rutherglen VIC 3685

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 308m2
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MAIN STREET FREEHOLD

We are pleased to offer this exciting freehold opportunity in the Main St of Rutherglen. Home to the local Newsagency, Tattersalls outlet and Hume Bank. This freehold is offered with a secure tenancy until June 2025, with an additional 2x 2-year options.
Currently returning $24,000 pa, this property would be a welcome addition or start to your Commercial portfolio.
Rutherglen, halfway between Albury/Wodonga and Yarrawonga, is an iconic Victorian town, famous for its Vineyards, award-winning Parker Pies and tourist attractions. 

Property Details for 128-130 Main St, Rutherglen

Building Type
Commercial
Floor Size
308m2

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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, 53 properties were sold in the past 12 months in Rutherglen.

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William Bonnici
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First National Real Estate - Bonnici & Associates
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