Opportunity knocks!!
Utilised as the Oakbank General Store for many decades, the property has been renovated and upgraded considerably over the years. This property offers so many prospects for the commercially savvy buyer.
The front of the building offers what was previously the main commercial area. Previously customers would enter via the front door into the shop . The room, now utilised as living and dining, (by the current tenants) offers high ceilings, polished timber floors, reverse cycle air-conditioning, timber venetians along the front windows and a sink and dishwasher at the rear of the room. There is direct access to the study which was previously the postal room (the wall mounted post boxes still remain).
The size of Oakbank is approximately 27.4 square kilometres. It has 4 parks covering nearly 1.2% of total area. The population of Oakbank in 2011 was 922 people. By 2016 the population was 852 showing a population decline of 7.6% in the area during that time. The predominant age group in Oakbank is 50-59 years. Households in Oakbank are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Oakbank work in a professional occupation. In 2011, 80.5% of the homes in Oakbank were owner-occupied compared with 82.4% in 2016.
Oakbank has 471 properties. Over the last 5 years, Houses in Oakbank have seen a 70.08% increase in median value, while Units have seen a 62.90% increase. As at 31 October 2024:
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