RARE DUAL INCOME PROPERTY................. *ONE HOME - ONE SHOP - ONE LOT*
This is a once in a lifetime opportunity to acquire a simple and consistent rental income from the lunch bar and rental income from the house. (The lunch bar has a long term lease).
Rarely does a site as exceptional as this come to the market. This property is situated on a large 1012m2 block of land and currently Zoned Residential/Commercial.
The size of Ashfield is approximately 0.8 square kilometres. It has 3 parks covering nearly 20.1% of total area. The population of Ashfield in 2011 was 1,256 people. By 2016 the population was 1,291 showing a population growth of 2.8% in the area during that time. The predominant age group in Ashfield is 30-39 years. Households in Ashfield are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ashfield work in a professional occupation. In 2011, 54.7% of the homes in Ashfield were owner-occupied compared with 54.9% in 2016.
Ashfield has 640 properties. Over the last 5 years, Houses in Ashfield have seen a 91.36% increase in median value, while Units have seen a -12.39% decrease. As at 31 December 2024:
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