87 Main StreetKoondrook VIC 3580
Property Details for 87 Main St, Koondrook
Last Listing description (July 2024)
87 Main Street, Koondrook VIC presents a unique investment opportunity with this tenanted shop and retail property. The property features a general store/take away building on an attractive 10-year lease that commenced in 2023. All outgoings are covered by the lessee, making it a hassle-free investment. Additionally, there is a 4-bedroom residence attached to the property, adding further value.
The location of this property is truly exceptional, being close to both the Murray River and Gunbower Creek, offering a picturesque setting for business operations. Situated in the main street of Koondrook, the general store has been long established and is now under new ownership. The property also offers shedding, carports, plenty of parking space at the back, and an enclosed backyard.
Furthermore, investors can benefit from a monthly return of $2226.82 and annual CPI increases each October.
The Location
- Approx 1 km: Murray River
- Approx 2 km: Gunbower Creek
- Approx 3 km: Koondrook Wharf
- Approx 4 km: Barham Golf Course
- Approx 5 km: Apex Park
Don't miss out on this fantastic commercial opportunity in Koondrook VIC!
Property History for 87 Main St, Koondrook, VIC 3580
- 06 Mar 2018Listed for Sale $395,000
- 18 Feb 2015Listed for Sale FOR SALE $130,000
- 06 Aug 2003Sold for $110,000
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About Koondrook 3580
The size of Koondrook is approximately 59.2 square kilometres. It has 5 parks covering nearly 26.9% of total area. The population of Koondrook in 2011 was 1,094 people. By 2016 the population was 995 showing a population decline of 9.0% in the area during that time. The predominant age group in Koondrook is 60-69 years. Households in Koondrook are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Koondrook work in a labourer occupation. In 2011, 79.2% of the homes in Koondrook were owner-occupied compared with 77.3% in 2016.
Koondrook has 745 properties. Over the last 5 years, Houses in Koondrook have seen a 104.53% increase in median value. As at 31 October 2024:
- The median value for Houses in Koondrook is $401,566 while the median value for Units is $282,858.
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