On offer is this fantastic dual income package totalling $700 per week, with separate commercial and residential tenancies, in a regional township located in the beautiful Hunter Valley. A fully renovated and expanded cafe with separate take-away shop PLUS a charming 3-bedroom country cottage, each with separate parking and access, both with fixed leases in place. The neat and sweet country home features three bedrooms, spacious lounge which opens out to wrap around verandah and modern galley style kitchen with adjacent meals area. Both the cafe and house have separate backyards on this large corner block. Located just 15 minutes south of Cessnock, and less than 1 hour from the Central Coast, the business has been established for over 100 years and serves the growing local community of Ellalong, which is over 1, 000 people. With a catchment that extends well beyond its core township, the property is well positioned opposite Ellalong Public School on a sizeable 1, 013 sqm block with ample, sealed off-street parking for vehicles. This fantastic combined rental return of $700 per week plus outgoings is a basic start, with both on a 12 months leases with options to extend.
The size of Ellalong is approximately 35.2 square kilometres. It has 3 parks covering nearly 1% of total area. The population of Ellalong in 2011 was 789 people. By 2016 the population was 1,098 showing a population growth of 39.2% in the area during that time. The predominant age group in Ellalong is 50-59 years. Households in Ellalong are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Ellalong work in a trades occupation. In 2011, 88.4% of the homes in Ellalong were owner-occupied compared with 84.1% in 2016.
Ellalong has 612 properties. Over the last 5 years, Houses in Ellalong have seen a 60.88% increase in median value. As at 31 October 2024:
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