Elders has listed an outstanding investment opportunity in the strong rural community of Lake Grace.
26 Stubbs Street is centrally located on a 1,060m2* block in the main street of Lake Grace. The property presents in good condition and has recently had significant renovations completed. A new ablution block has also been constructed.
The property is tenanted and operated as a cafe/bakery. The current lease has a good length of time left to run.
Patrick Williams
Licenced Real Estate Agent
Specialist Business Broker and Commercial Sales
0407 990 886
patrick.williams@elders.com.au
Amanda Milton
Real Estate Sales Representative
Elders Lake Grace
0429 654 011
amanda.milton@elders.com.au
Buyers Note: All measurements/dollar amounts are approximate only and generally marked with an * (Asterisk) for reference. Boundaries marked on images are a guideline and are for visual purposes only. Buyers should complete their own due diligence, including a visual inspection before entering into an offer and should not rely on the photos or text in this advertising in making a purchasing decision
The size of Lake Grace is approximately 96.2 square kilometres. It has 5 parks covering nearly 1.1% of total area. The population of Lake Grace in 2011 was 496 people. By 2016 the population was 550 showing a population growth of 10.9% in the area during that time. The predominant age group in Lake Grace is 0-9 years. Households in Lake Grace are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Lake Grace work in a trades occupation. In 2011, 53.1% of the homes in Lake Grace were owner-occupied compared with 61.1% in 2016.
Lake Grace has 468 properties. Over the last 5 years, Houses in Lake Grace have seen a 95.47% increase in median value, while Units have seen a -27.14% decrease. As at 30 November 2024:
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