A solid regional commercial investment with lease covenant to the Commonwealth Bank. Located in Sheffield, the town of murals and gateway to the iconic Cradle Mountain the bank services the surrounding community and masses of tourists annually. With total annual net rental of $27,580 + GST being spread across the bank and four bedroom dwelling to the rear your investment risk is well spread.
Comprising a sizeable lot of 957m2 and main building size of 200m2 plus the four bedroom house - certainly a lot of building for your money.
For further details please call Blake Shepherd
The size of Sheffield is approximately 60.9 square kilometres. It has 5 parks covering nearly 11.1% of total area. The population of Sheffield in 2016 was 1552 people. By 2021 the population was 1602 showing a population growth of 3.2% in the area during that time. The predominant age group in Sheffield is 60-69 years. Households in Sheffield are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Sheffield work in a trades occupation.In 2021, 72.70% of the homes in Sheffield were owner-occupied compared with 71.60% in 2016.
Sheffield has 913 properties. Over the last 5 years, Houses in Sheffield have seen a 61.35% increase in median value, while Units have seen a 46.63% increase. As at 31 March 2026:
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