20 Rutherglen RoadNewborough VIC 3825
Property Details for 20 Rutherglen Rd, Newborough
Last Listing description (June 2025)
Harcourts Warragul are delighted to present 18-20 Rutherglen Rd Newborough For Sale.
A unique opportunity to purchase a fully tenanted dual income investment with a commercial premises at the front and a residence at the rear, providing the best of both worlds for the discerning investor. Located within the tightly held Rutherglen Rd retail precinct and positioned on 755sqm* of mixed use land, the key highlights include:
COMMERCIAL TENANCY
- Excellent street appeal
- Two entrances
- Bifold windows along the front
- Three toilets (two on main level and one upstairs)
- Previously used as a café, and with commercial kitchen still in place
- Upstairs mezzanine and office
-Plenty of customer parking on the street, as well as council car park next door with a further 24 spaces*
- Currently leased to a therapy services business, returning $26,520 pa + GST and the tenant pays all usual building outgoings. Initial two year lease commenced December 2023. Further two year option followed by one year. 4% annual rent increases and market review at the beginning of each option.
RESIDENTIAL TENANCY
- Total floor area 133sqm*
- 2 Bedrooms (Both with robes, main with walk in)
- Separate office
- Large bathroom with corner bath and double rain head shower
- Open plan living/dining and well appointed kitchen with curved benchtop, freestanding gas cooktop, and dishwasher
- Hard wood flooring throughout
- Separate laundry
- Private alfresco - perfect for the entertainer
- Fully fenced backyard with established gardens
- Detached double garage with toilet and 3 phase power
- Currently leased to excellent tenants returning $350pw
*Denotes approximate
For further information or to arrange an inspection, please contact Marino Perioris on 0476 808 845 or marino.perioris@harcourts.com.au
Property History for 20 Rutherglen Rd, Newborough, VIC 3825
- 29 May 2025Sold for $630,000
- 06 Jan 2025Listed for Sale Contact Agent
- 28 Mar 2024Listed for Sale $699,000 (Going Concern)
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0About Newborough 3825
The size of Newborough is approximately 19.5 square kilometres. It has 27 parks covering nearly 7.8% of total area. The population of Newborough in 2016 was 6763 people. By 2021 the population was 6886 showing a population growth of 1.8% in the area during that time. The predominant age group in Newborough is 20-29 years. Households in Newborough are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Newborough work in a trades occupation.In 2021, 70.90% of the homes in Newborough were owner-occupied compared with 69.60% in 2016.
Newborough has 4,129 properties. Over the last 5 years, Houses in Newborough have seen a 70.47% increase in median value, while Units have seen a 76.72% increase. As at 31 January 2026:
- The median value for Houses in Newborough is $471,118 while the median value for Units is $314,656.
- Houses have a median rent of $460 while Units have a median rent of $300.
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