SOLD
Sold on 17 Jun 2024 for $230,000

196 Commercial Road
Yarram VIC 3971

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 200m2
Land area: 504m2
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Property Details for 196 Commercial Rd, Yarram

Building Type
Commercial
Floor Size
200m2
Land Size
504m2
Local Government
Wellington
Lot/Plan
2/LP31542

Last Listing description (July 2024)

"196 Fish & Chips" is a renowned local takeaway business. This highly regarded business is well known to locals and tourists for its quality food offerings, excellent service, and convenient location in the main street of Yarram.

This well-established business has been successfully operating in the Community for over 7 years. This is now the time for her to hand over the reins to new owners to capitalize on its fantastic reputation within the town.

BUSINESS POTENTIAL

Currently set up as a traditional fish and chip shop there exists options to extend the "front of house" to include other food offerings which are currently not available in the town.
Further opportunity to extend and grow this business is also within the opening times. Currently hours over 6 days (Closed Monday).
New Operators should also consider event catering.

FREEHOLD
The shop premises is high quality with walk in cool room and multiple storage facilities. Outside there is a storeroom and amenities. The glass fronted shop is in a prime position in the main street and is in excellent condition. It is a purpose built business and freehold at an extremely low price. Secure your future now by acquiring this well known solid business and quality freehold.

BUSINESS HIGHLIGHTS
Current Revenue - $10,200 per average week.
Incredibly Low Rent - ($1268.00 per month Including Outgoings!)
Lease Term 3 years plus ongoing options.
The business is available alone with options available to buy the freehold.
BUY THIS PROFITABLE BUSINESS ALONE FOR $90,000. Incredible price adjustment.

This is a solid business proven over many years.

For more information regarding this strong business opportunity, contact Ian Seed on (03) 51146552.

For a Due Diligence Checklist go to: consumer.vic.gov.au/duediligencechecklist

Property History for 196 Commercial Rd, Yarram, VIC 3971

A timeline of how this property has performed in the market
Last Sold
$230,000
17 Jun 2024
  • 17 Jun 2024
    Sold for $230,000
  • 24 Aug 2022
    Listed for Sale $365,000
  • 23 Mar 2022
    Sold for $215,000
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About Yarram 3971

The size of Yarram is approximately 110.9 square kilometres. It has 9 parks covering nearly 5.6% of total area. The population of Yarram in 2011 was 2,168 people. By 2016 the population was 2,123 showing a population decline of 2.1% in the area during that time. The predominant age group in Yarram is 60-69 years. Households in Yarram are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Yarram work in a managers occupation. In 2011, 67.7% of the homes in Yarram were owner-occupied compared with 67.7% in 2016.

Yarram has 1,495 properties. Over the last 5 years, Houses in Yarram have seen a 61.88% increase in median value, while Units have seen a 76.39% increase. As at 30 November 2024:

  • The median value for Houses in Yarram is $389,660 while the median value for Units is $287,666.
  • Houses have a median rent of $378 while Units have a median rent of $228.
There are currently 29 properties listed for sale, and no properties listed for rent in Yarram on OnTheHouse. According to CoreLogic's data, 53 properties were sold in the past 12 months in Yarram.

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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.