FOR SALE
$695,000

115-119 Raglan Street
Sale VIC 3850

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 300m2
Land area: 843m2
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SPACIOUS RESIDENCE & TWO SHOPS

This extensively renovated commercial freehold which once known as the Iconic Raglan Stores, offers the astute owner occupier or investor a wonderful opportunity to make the most of the two individual shops and residence on the one title!
The three properties on offer are
115 Raglan Street: Niche studio style shop in brilliant condition. Potential Rent $150 per week Plus Portion of outgoings
117-119 Raglan Street: Stunning shop that has been extensively renovated to an extremely high standard. Currently set up as large hair dressing salon with numerous stations, consult room, office, kitchen and staff amenities. Potential Rent $475 per week Plus Portion of outgoings
119B Raglan Street: Three bedroom residence in good condition with lock up garage. Ideal for the owner operator of the business in the shop or lease out and collect the income: Potential Rent $350 per week.
Total Potential Income $955 per week.
The property holds a commercial 1 Zone, which allows for numerous uses.
Its unique and flexible and a wonderful opportunity.
Disclaimer: Prospective purchasers should make their own enquiries and refer to the due diligence checklist provided by Consumer Affairs. For a Due Diligence Checklist go to: http://www.consumer.vic.gov.au/duediligencechecklist

Property Details for 115-119 Raglan St, Sale

115-119 Raglan St, Sale is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 843m2 and floor size of 300m2. The place is currently for sale with Graham Chalmer Real Estate.

Building Type
House
Floor Size
300m2
Land Size
843m2

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About Sale 3850

The size of Sale is approximately 46 square kilometres. It has 35 parks covering nearly 2.8% of total area. The population of Sale in 2011 was 13,185 people. By 2016 the population was 13,673 showing a population growth of 3.7% in the area during that time. The predominant age group in Sale is 0-9 years. Households in Sale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Sale work in a professional occupation. In 2011, 64.9% of the homes in Sale were owner-occupied compared with 63.9% in 2016.

Sale has 8,765 properties. Over the last 5 years, Houses in Sale have seen a 47.25% increase in median value, while Units have seen a 49.11% increase. As at 30 November 2024:

  • The median value for Houses in Sale is $470,538 while the median value for Units is $320,588.
  • Houses have a median rent of $470 while Units have a median rent of $370.
There are currently 161 properties listed for sale, and 36 properties listed for rent in Sale on OnTheHouse. According to CoreLogic's data, 324 properties were sold in the past 12 months in Sale.

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Chris Morrison
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Graham Chalmer Real Estate
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