97 Morgans StreetRavensthorpe WA 6346
Property Details for 97 Morgans St, Ravensthorpe
97 Morgans St, Ravensthorpe is a 1 bedroom, 1 bathroom House. The property has a land size of 2005m2.
Last Listing description (July 2024)
Location: Ravensthorpe, Western Australia
Lease: 2024 with 5-year plus option
Current Ownership: since 2019 (previous owners 30+ years)
This busy, family owned and operated business is well-established retail business with a strong reputation and dedicated customers. Specialising in hardware, building, camping and garden supplies, this renowned retail establishment has served as the preferred destination for local residents for the past 30 years.
The business is profitable, has a steady turnover, repeat clientele and allows for a good lifestyle for the Owner. It is currently independently owned and operated, and non-aligned to any franchise agreement. There is potential to grow the business further and increase revenue and profits.
Nestled within a growing rural and residential locale and boasting over three decades of service to the local area. Approximately one third of the Ravensthorpe Shire is productive farmland, The mining industry has become more active in recent years with a number of mine operations in Ravensthorpe.
First Quantum Minerals (FQM), which restarted its operations in early 2020 has been expanding into a second stage nickel laterite deposit, Shoemaker-Levy, which should provide the operation with a long-term life of around 30 years and with Galaxy Lithium Mine just north of the townsite and Medallion Metals (formerly ACH Gold) south-east of Ravensthorpe in Kundip, the future of mining in the region is strong.
Key information:
Profitable business with consistent and growing results.
Great reputation and longevity in the industry
Diversified product offering catering to multiple market segments.
Located in the main street of town on busy South Coast Highway, with excellent exposure to a large volume of passing traffic
Plenty of parking available.
Independent business; not a franchise
One-stop-shop with a strong reputation and exceptional customer service
Scope to improve the business further.
No similar businesses in the local Shire and surrounds.
Strong social media following
The premises, is currently leased, to July 2024, with a 5-year plus option in place.
For further information and inspection contact Chelsea Adams on 0447 672 470
Property History for 97 Morgans St, Ravensthorpe, WA 6346
- 06 Sep 2023Listed for Sale $250,000 plus stock
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0About Ravensthorpe 6346
The size of Ravensthorpe is approximately 2,540.8 square kilometres. It has 15 parks covering nearly 5.8% of total area. The population of Ravensthorpe in 2011 was 391 people. By 2016 the population was 482 showing a population growth of 23.3% in the area during that time. The predominant age group in Ravensthorpe is 50-59 years. Households in Ravensthorpe are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ravensthorpe work in a managers occupation. In 2011, 47.9% of the homes in Ravensthorpe were owner-occupied compared with 56.4% in 2016.
Ravensthorpe has 927 properties. Over the last 5 years, Houses in Ravensthorpe have seen a 85.45% increase in median value, while Units have seen a 27.35% increase. As at 31 October 2024:
- The median value for Houses in Ravensthorpe is $214,415 while the median value for Units is $368,259.
- Houses have a median rent of $385.
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