OFF MARKET

44-46 Federal Street
Rainbow VIC 3424

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 150m2
Land area: 297m2
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Property Details for 44-46 Federal St, Rainbow

Building Type
Commercial
Floor Size
150m2
Land Size
297m2
Local Government
Hindmarsh
Lot/Plan
1/TP403754

Last Listing description (May 2007)

EXCEPTIONAL OPPORTUNITY!
This property is situated in the heart of Rainbow, a prosperous country town offering a great community spirit and family lifestyle. This is an excellent opportunity to own your investment property or an opportunity to continue a much needed cafe/business. The property has been known as TEDDY'S Cafe, a relaxed comfortable place to enjoy a light meal, coffee & cake relaxing on the couches reading the paper or a hot pizza & chips after the local football game. The property is currently equipped as a modern, trendy cafe complete with modern cooking equipment and quality fixtures, fittings & is complete with all furniture. These fittings include large cool room, modern oven & cooking facilities, pizza oven, food bain maries, chip cooker, display counters, cutlery, dining tables & chairs, coffee machines, heater & couches. The quality of the property and fittings need to be inspected to be fully appreciated. The property features include 2 interconnecting shops, that have been rewired & re plumbed, 2nd kitchen/storeroom, self contained flat, large rear storage area, with roller door access to side street. The business is surrounded by quality business including hotel & supermarket.
Excellent Opportunity!

Price: $75,000 inc. furniture. (Owner not registered for GST).

Property History for 44-46 Federal St, Rainbow, VIC 3424

A timeline of how this property has performed in the market
Last Sold
$65,000
28 May 2007
  • 28 May 2007
    Sold for $65,000
  • 08 Oct 2006
    Listed for Sale 75000
  • 05 Jun 2006
    Sold for $46,000
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About Rainbow 3424

The size of Rainbow is approximately 890.7 square kilometres. It has 5 parks covering nearly 8.9% of total area. The population of Rainbow in 2011 was 735 people. By 2016 the population was 688 showing a population decline of 6.4% in the area during that time. The predominant age group in Rainbow is 60-69 years. Households in Rainbow are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Rainbow work in a managers occupation. In 2011, 79.4% of the homes in Rainbow were owner-occupied compared with 82.2% in 2016.

Rainbow has 600 properties. Over the last 5 years, Houses in Rainbow have seen a 82.86% increase in median value, while Units have seen a 79.10% increase. As at 31 October 2024:

  • The median value for Houses in Rainbow is $214,603 while the median value for Units is $204,961.
  • Units have a median rent of $115.
There are currently 3 properties listed for sale, and no properties listed for rent in Rainbow on OnTheHouse. According to CoreLogic's data, 20 properties were sold in the past 12 months in Rainbow.

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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.