OFF MARKET

47 Main Street
Ringarooma TAS 7263

Bedrooms: -
Bathrooms: -
Car spaces: 6
Floor area: 465m2
Land area: 1012m2
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Property Details for 47 Main St, Ringarooma

Building Type
Commercial
Floor Size
465m2
Land Size
1012m2
Local Government
Dorset
Lot/Plan
7/219318

Last Listing description (April 2020)

Ringarooma Garage

Serving the community for 60 plus years.

This 5 day a week business is currently the local fuel, oil stop, Tyre shop, accessories store, chainsaw shop/ repairs, lawnmower shop, vehicle service center, takeaway snacks and a landmark for the Ringarooma Area.

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

Currently leased to a husband and wife team, the rental return is a good return on Investment at 9% approx.

This might be the opportunity of a lifetime to buy now and collect the returns. With a forward plan of moving to the country away from the hustle and bustle of the city. Become a central part of a loyal country based clientele and enjoy a more relaxing lifestyle.

Property History for 47 Main St, Ringarooma, TAS 7263

A timeline of how this property has performed in the market
Last Sold
$120,000
09 Feb 2020
  • 09 Feb 2020
    Sold for $120,000
  • 14 Oct 2019
    Listed for Sale $135,000 plus GST
  • 01 Jul 2013
    Sold for $39,999
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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.

Suburb Insights for Ringarooma 7263

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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.