OFF MARKET

143-145 Main Street
Rutherglen VIC 3685

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 2m2
Land area: 620m2
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Property Details for 143-145 Main St, Rutherglen

143-145 Main St, Rutherglen is a 2 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 620m2 and floor size of 2m2. While the property is not currently for sale or for rent, it was last sold in June 2016.

Building Type
House
Floor Size
2m2
Land Size
620m2
Local Government
Indigo
Lot/Plan
4/PS302737

Last Listing description (June 2016)

A historic commercial building plus residence in excellent condition located in a high exposure section of the business precinct of the ever popular Rutherglen. A most secure investment opportunity.
LOCATION
143-145 Main Street, Rutherglen. Map reference Melways 306 F4

TITLE DESCRIPTION
Lot 4 PS302737
Vol/Folio 10014/368
PROPERTY DESCRIPTION
Graham s Building divides into two (2) distinct categories being, firstly, two (2) individual commercial/retail premises with direct frontage to Main Street, Rutherglen and, secondly, a modern two (2) bedroom townhouse style residence with separate access. The property is currently merged together but could divide as to commercial and residential requirements. The property is of solid brick construction and presents in excellent condition.
COMMERCIAL PREMISES
a) Well-presented modern commercial/retail premises with 6.8m frontage x 12m (81.6m2) with open light, tiled floors, high ceilings with downlights, and ornate ceiling lighting. Access from Main Street. Shared amenities.
b) Slightly smaller commercial/retail premises with similar features as previous premises plus small sink kitchenette area. Shared amenities.
Both premises are currently vacant and stand ready for fit out to suit an incoming business. The premises are adjoining by a solid doorway between each that allows for both premises to be used conjointly.
RESIDENCE
An excellent two (2) bedroom apartment/unit offering comfortable lounge with open fire place, electric kitchen, large bathroom, separate toilet, tiled floors throughout and double lock up garage with roller doors. Attractive garden, lawn and courtyard area compliment this quiet, secluded, well maintained residence. Separate access.
REMARKS
Graham s Building has, for some time, been leased with a retail clothing enterprise operating form the premises. The property has been leased as a whole with the residence being incorporated in the overall lease. The combination of the retail premises and the residence offers several opportunities to a prospective buyer in that the property stands, firstly, as ideal for an owner occupier to use all facets of the property or alternatively the property can be leased out in the three (3) different facets available or any other format that may be required. The quality of every facet of Graham s Building will ensure that the property will attract good interest from a wide range of prospective lessees.
For full details of prospective returns from the property, discuss with Bart Hanrahan.

DISCLAIMER: Whilst every care is taken to supply accurate information our company cannot be held responsible for any incorrect information.
Property Code: 1012

Property History for 143-145 Main St, Rutherglen, VIC 3685

A timeline of how this property has performed in the market
Last Sold
$400,000
07 Jun 2016
  • 07 Jun 2016
    Sold for $400,000
  • 26 Feb 2016
    Listed for Sale $420,000
  • 04 Oct 2013
    Sold for $365,000
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About Rutherglen 3685

The size of Rutherglen is approximately 125.4 square kilometres. It has 8 parks covering nearly 1% of total area. The population of Rutherglen in 2011 was 2,479 people. By 2016 the population was 2,378 showing a population decline of 4.1% in the area during that time. The predominant age group in Rutherglen is 60-69 years. Households in Rutherglen are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Rutherglen work in a labourer occupation. In 2011, 73% of the homes in Rutherglen were owner-occupied compared with 73.6% in 2016.

Rutherglen has 1,610 properties. Over the last 5 years, Houses in Rutherglen have seen a 81.37% increase in median value, while Units have seen a 81.52% increase. As at 31 October 2024:

  • The median value for Houses in Rutherglen is $509,511 while the median value for Units is $338,564.
  • Houses have a median rent of $500 while Units have a median rent of $350.
There are currently 7 properties listed for sale, and 2 properties listed for rent in Rutherglen on OnTheHouse. According to CoreLogic's data, 50 properties were sold in the past 12 months in Rutherglen.

Suburb Insights for Rutherglen 3685

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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.