Retail

17-19 Ranceby Road POOWONG

Price guide: Sold for $910,000

Alex Scott & Staff are pleased to present 17-19 Ranceby Road, Poowong for private sale for the first time in nearly 25 years. Well established, and locally supported within a vibrant rural community, this property offers a terrific investment opportunity with long term tenants. The key facts of this opportunity include: - Income of $56,904 p.a. plus GST. (approx. 5.83% return) - Secure long term and established Tenants in IGA Local Grocer and Liquor and Poowong Dairy and Hardware). - Poowong Dairy and Hardware have a current 3-year Lease Term ending April 2026 (with a further 3-year option) - IGA have a current 5-year Lease Term ending January 2029 (with 2 further 5-year options). - Only Businesses of their kind in town. - Rent reviews - Annual CPI and market. - Total Land size = 3,251m². - Zoned Commercial 1. - 50 metre frontage and drive-thru access to the rear from either side of the building. - Total Building area of approx. 842m². - Potential for further development (STCA). - Excellent Main Street location with plenty of car parking for customers. Contact the selling agents today for further information or to arrange an on-site inspection. Disclaimer: Whilst every care has been taken in preparing the above information, it is to be used as a guide only. Please refer to the appropriate legal documentation to complete your due diligence.