Located in the historic town of Rushworth, this quality freehold Cafe/Takeaway not only includes the towns number one Fish and Chip shop, but also has a 4 bedroom residence, on a huge 1350m2 block. It is also perfectly positioned right in the heart of town, and has a secure tenant midway through a 3x3x3 lease.
The residence includes 4 bedrooms, family room, lounge, kitchen, dining, split system & rev cycle air con as well as a gas wall heater and wood fire heating. There is also natural gas, town water and plenty of shedding for storage. A Building permit has also been approved to build another house at the rear of the block.
Offering approx 8% ROI this presents a well priced Freehold to start or add to your investment Portfolio.
The size of Rushworth is approximately 179.7 square kilometres. It has 2 parks covering nearly 19.8% of total area. The population of Rushworth in 2011 was 1,380 people. By 2016 the population was 1,320 showing a population decline of 4.3% in the area during that time. The predominant age group in Rushworth is 60-69 years. Households in Rushworth are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Rushworth work in a labourer occupation. In 2011, 79% of the homes in Rushworth were owner-occupied compared with 77.9% in 2016.
Rushworth has 971 properties. Over the last 5 years, Houses in Rushworth have seen a 76.16% increase in median value, while Units have seen a 58.31% increase. As at 31 October 2024:
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