Freehold $395,000 returning $5,000 per monthContact Agent For Address
Contact Agent For Address Mount Magnet WA 6638
Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 654m2
Land area: 2025m2
Contact Agent
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Contact agent to arrange an inspection.
Save
Hardware store, food retail and residence, with successful income sources attached
Phone enquiries - please quote property ID 29785.
This is a fantastic opportunity to purchase a lucrative freehold hardware store, cafe commercial kitchen, and 3BR residence. The property is being sold alongside a successful, well-established, easy-to-run destination business with multiple revenue streams, no competition and huge growth potential.
The store boasts a reputation for having “everything”: from key cutting to water purification, Muzz Buzz Coffee and a range of food and drink options. Adjacent to the store sits the diner boasting a full commercial kitchen. Currently, the kitchen is only used for food preparation. It was once a full-time cafe - which can easily be reintroduced. The diner also operates as the Centrelink Agency offering an additional income stream. To the back of the property sits the well-presented three-bedroom/one-bathroom residence.
Included in the sale:-
• Hardware store business, well-established with no competitors.
• Hardware store freehold property and all equipment.
• Diner premises next door, currently running at limited capacity but offering a full commercial kitchen and the opportunity to be run as a full-time café.
• Three-bedroom, 1 bathroom residence.
The massive premises boasts a prime commercial position on the main road in the centre of town. Surrounded by popular retail and service outlets, it sees significant foot traffic and passing trade. The shop front is highly visible, an imposing building with clear signage and strong branding. The shop front is easily accessible with street parking and off-street parking bays.
There are three separate buildings: Hardware Store, Diner, and Residence, and the property is on two titles, one for the well-established and striking hardware store, and one for the cyclone-proof renovated 3bed/2bath house to the rear and inviting diner with commercial kitchen, courtyard, alfresco and nursery area. The entire property (2024 m2) is securely fenced as one compound with a 2m high fence. A beautifully presented, imposing piece of real estate.
See MoreProperty Details for Contact Agent For Address, Mount Magnet
Building Type
Commercial
Floor Size
654m2
Land Size
2025m2
Commute Calculator
About Mount Magnet 6638
The size of Mount Magnet is approximately 261.3 square kilometres. It has 10 parks covering nearly 0.7% of total area. The population of Mount Magnet in 2011 was 532 people. By 2016 the population was 465 showing a population decline of 12.6% in the area during that time. The predominant age group in Mount Magnet is 50-59 years. Households in Mount Magnet are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Mount Magnet work in a trades occupation. In 2011, 39.3% of the homes in Mount Magnet were owner-occupied compared with 53.9% in 2016.
Mount Magnet has 539 properties. Over the last 5 years, Houses in Mount Magnet have seen a 118.54% increase in median value. As at 31 July 2024:
- The median value for Houses in Mount Magnet is $79,389 while the median value for Units is $179,914.
There are currently 2 properties listed for sale, and no properties listed for rent in Mount magnet on OnTheHouse. According to CoreLogic's data, 22 properties were sold in the past 12 months in Mount magnet.
Suburb Insights for Mount Magnet 6638
Market Insights
Mount Magnet Trends for Houses
Median Value
N/A
-
View TrendMedian Growth
N/A
View TrendMedian Rent
N/A
-
View TrendRental Yield
N/A
-
View TrendMedian Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Mount Magnet Trends for Units
Median Value
N/A
-
View TrendMedian Growth
N/A
View TrendMedian Rent
N/A
-
View TrendRental Yield
N/A
-
View TrendMedian Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Neighbourhood Insights
Age
Household
Occupancy
No data to show
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.
Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.