17-19 Ranceby RoadPoowong VIC 3988
Property Details for 17-19 Ranceby Rd, Poowong
Last Listing description (August 2024)
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)
- 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.
Property History for 17-19 Ranceby Rd, Poowong, VIC 3988
- 02 Aug 2024Sold for $910,000
- 13 May 2024Listed for Sale $975,000
- 03 Oct 2000Sold for $115,500
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0About Poowong 3988
The size of Poowong is approximately 49.5 square kilometres. There are 3 parks, covering nearly 0.2% of the total area. The population of Poowong in 2016 was 643 people. By 2021 the population was 717 showing a population growth of 11.5% in the area during that time. The predominant age group in Poowong is 60-69 years. Households in Poowong are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Poowong work in a managers occupation.In 2021, 84.40% of the homes in Poowong were owner-occupied compared with 85.40% in 2016.
Poowong has 552 properties. Over the last 5 years, Houses in Poowong have seen a -1.05% decrease in median value. As at 31 July 2026:
- The median value for Houses in Poowong is $764,693 while the median value for Units is $342,921.
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