5 Russell StreetMacarthur VIC 3286
Property Details for 5 Russell St, Macarthur
5 Russell St, Macarthur is a 9 bedroom, 9 bathroom Unit. The property has a land size of 3314m2 and floor size of 97m2. While the property is not currently for sale or for rent, it was last sold in October 2007.
Last Listing description (January 2024)
Macarthur Park Country Cottages is a well presented complex of 9 freehold Units situated in Macarthur overlooking the Eumarella River. Macarthur is well located being less than 30-minute drive south from Hamilton, 35 minutes north from Port Fairy and 55 minutes north-west from Warrnambool.Macarthur Park Cottages provides a sound investment opportunity. Yield expectations of around 6% return (indicative only) based on permanent rental are predicted, with greater upside for holiday accommodation.Current Gross Income: $4,500 per weekThe cottages consist of 2 fully furnished one bedroom units and 7 fully furnished studio apartments. Each Unit contains reverse cycle split system air-conditioning, Flat screen TV's, fully equipped kitchens, with new stoves, ovens, refrigerators and microwaves. In addition, the complex has a coin operated laundry including 2 commercial washing machines and 2 commercial dryers.Sale: Walk-in Walk-outThis sale inclusive of bedding, linen, reserve and unused linen and all sundry supplies and spare crockery and cutlery. Also included in the sale is a John Deere ride-on-mower.Macarthur is an upcoming tourist destination. Attractions include Mt Eccles National Park and Budj Bim National Park, Lake Condah, Byaduk Caves, Mt Napier State Park and Tumuli (Lava Blisters). Other activities at Macarthur include playing the delightful 9 hole, par 35 gold course, bowls and enjoying the swimming pool during summer.Macarthur Park Country Cottages are well positioned making it the perfect location for guests to explore the South West region of Victoria.This is a serious business opportunity.Well worth an inspection.
Property History for 5 Russell St, Macarthur, VIC 3286
- 15 Feb 2021Listed for Sale $895,000
- 13 Dec 2016Listed for Sale NEGOTIABLE
- 23 Oct 2007Sold for $75,000
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About Macarthur 3286
The size of Macarthur is approximately 298.9 square kilometres. It has 1 park covering nearly 9% of total area. The population of Macarthur in 2011 was 617 people. By 2016 the population was 500 showing a population decline of 19.0% in the area during that time. The predominant age group in Macarthur is 50-59 years. Households in Macarthur are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Macarthur work in a managers occupation. In 2011, 81% of the homes in Macarthur were owner-occupied compared with 81.4% in 2016.
Macarthur has 408 properties.
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