REAL ESTATE FOR SALE ONLY NOT BUSINESS
This substantial premises in the heart of the main street of Riverton there are several options available to suit purchasers.
• Live in the home & have your mortage payments supplemented with the rental from the shop.
• Lease the shop & the house
• Establish a tea room in the character stone shed (STCC)
• Demolish the shed & build units (STCC)
The property comprises:
1 The shop with floor area of approx. 242 square metres – Currently leased out on a 3×3 year lease – Current rental $280 per week
2 The home comprises
• 4 spacious bedrooms
• Huge lounge
• Country style eat in kitchen with island bench
• Bathroom with bath, shower, vanity & toilet
• Lobby & laundry
• The residence was previously tenanted for $245 per week
The main building (both the shop & the residence) has just recently been re-roofed. Other improvements include a character stone shed measuring 15.5 metres x 4.5 metres with access off the side street.
Set on a 776 square metre allotment the property has the benefit of 2 street frontages.
This is a property with huge potential. The vendors are keen to move the property on and will consider genuine offers.
|R&H Suburb Summary||Houses|
|Number of sales||17|
|Median Rental Price||$240 p.w.|
|Change in Rental Rate (5yr)||2 %|
|R&H Suburb Summary||Units|
|Number of sales||1|