25B Vernon StreetSouth Kingsville VIC 3015
Property Details for 25b Vernon St, South Kingsville
25b Vernon St, South Kingsville is a 0 bedroom, 0 bathroom Unit. The property has a land size of 222m2 and floor size of 65m2. While the property is not currently for sale or for rent, it was last sold in December 2019.
Last Listing description (February 2014)
FAMOUS BLUE RAINCOAT ??? SOUTH KINGSVILLE
The Famous Blue Raincoat is a lounge style caf??/restaurant/music bar, nestled away in a tiny pocket of a very trendy suburb, offering fabulous food, delicious coffee, cool music acts & wonderful art. The sounds of New Orleans are complemented by a gorgeous fit out & open plan design, as well as boasting a paradise-like rear garden. This place is the pinnacle in relaxation and comfort in a home-like space, surrounded by friends and smiling faces in a humble yet intoxicating locale. This place rocks ! Come and check it out!
BUSINESS HIGHLIGHTS
- Average weekly net profit of $1,500+
- Lease of 9 years with further terms available
- Cheap weekly rent of $508.25 inc GST & Outgoings
FAST FACTS
- ???On premise??? liquor licence til 11pm Fri, Sat & Sun, & 10.30pm Mon ??? Thurs
- Seating for 75+ inside & outside
- Good commercial kitchen
- Short trade hours, only open 5 day a week
LEASE AND RENT
- Commencement date: 01/04/2012
- Term: Three (3) years
- Further terms: Two (2) further terms each of three (3) years
- Current monthly rent: $2033 inc GST & Outgoings
OPPORTUNITY & POTENTIAL
- Increase sales through increasing trade hours/days
- Increase sales through catering for local demand
- Increase advertising & marketing to promote higher sales
ASKING PRICE
EXPRESSIONS OF INTEREST WELCOME
FOR MORE INFORMATION OR TO ARRANGE A FORMAL INSPECTION CALL MARC ON 0412 359 907
Property History for 25b Vernon St, South Kingsville, VIC 3015
- 09 Dec 2019Sold for $485,000
- 18 Jan 2014Listed for Sale Not Disclosed
- 07 Jun 2013Sold for $410,000
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0About South Kingsville 3015
The size of South Kingsville is approximately 0.7 square kilometres. It has 2 parks covering nearly 8.5% of total area. The population of South Kingsville in 2011 was 1,829 people. By 2016 the population was 1,948 showing a population growth of 6.5% in the area during that time. The predominant age group in South Kingsville is 30-39 years. Households in South Kingsville are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Kingsville work in a professional occupation. In 2011, 56.5% of the homes in South Kingsville were owner-occupied compared with 57.5% in 2016.
South Kingsville has 1,347 properties. Over the last 5 years, Houses in South Kingsville have seen a 12.81% increase in median value, while Units have seen a 23.36% increase. As at 30 November 2024:
- The median value for Houses in South Kingsville is $1,147,882 while the median value for Units is $647,868.
- Houses have a median rent of $565 while Units have a median rent of $600.
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