OFF MARKET

26 Main Street
Ringarooma TAS 7263

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 93m2
Land area: 1004m2
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Property Details for 26 Main St, Ringarooma

Building Type
Commercial
Year Built
1980
Floor Size
93m2
Land Size
1004m2
Local Government
Dorset
Lot/Plan
1/200072

Last Listing description (October 2021)

Land and Improvements Only

With a steady return on investment from current lease agreement. $360 per week plus GST, annual return $18,720.

12.48% Gross Return

The current lease has a couple of years to go and the current butcher has the option of another 5 years to consider.

Only a 20 minute drive to " Australia's Mountain Bike Capital," Derby.

This could be the perfect opportunity for a young butcher to build an investment and one day move into an established business with loyal clientele. Servicing the local farmers with service kill and cutups and local customers.

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Property History for 26 Main St, Ringarooma, TAS 7263

A timeline of how this property has performed in the market
Last Sold
$151,500
22 Sep 2021
  • 22 Sep 2021
    Sold for $151,500
  • 28 Oct 2019
    Listed for Sale $150,000
  • 22 Aug 1985
    Sold for $31,000

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About Ringarooma 7263

The size of Ringarooma is approximately 207.7 square kilometres. It has 10 parks covering nearly 143.8% of total area. The population of Ringarooma in 2011 was 480 people. By 2016 the population was 356 showing a population decline of 25.8% in the area during that time. The predominant age group in Ringarooma is 60-69 years. Households in Ringarooma are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ringarooma work in a managers occupation. In 2011, 74.1% of the homes in Ringarooma were owner-occupied compared with 67.9% in 2016.

Ringarooma has 233 properties. Over the last 5 years, Houses in Ringarooma have seen a 61.22% increase in median value, while Units have seen a 56.53% increase. As at 31 October 2024:

  • The median value for Houses in Ringarooma is $524,135 while the median value for Units is $291,681.
  • Houses have a median rent of $200.
There are currently 2 properties listed for sale, and no properties listed for rent in Ringarooma on OnTheHouse. According to CoreLogic's data, 9 properties were sold in the past 12 months in Ringarooma.

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