44-46 Federal StreetRainbow VIC 3424
Property Details for 44-46 Federal St, Rainbow
Last Listing description (May 2007)
EXCEPTIONAL OPPORTUNITY!
This property is situated in the heart of Rainbow, a prosperous country town offering a great community spirit and family lifestyle. This is an excellent opportunity to own your investment property or an opportunity to continue a much needed cafe/business. The property has been known as TEDDY'S Cafe, a relaxed comfortable place to enjoy a light meal, coffee & cake relaxing on the couches reading the paper or a hot pizza & chips after the local football game. The property is currently equipped as a modern, trendy cafe complete with modern cooking equipment and quality fixtures, fittings & is complete with all furniture. These fittings include large cool room, modern oven & cooking facilities, pizza oven, food bain maries, chip cooker, display counters, cutlery, dining tables & chairs, coffee machines, heater & couches. The quality of the property and fittings need to be inspected to be fully appreciated. The property features include 2 interconnecting shops, that have been rewired & re plumbed, 2nd kitchen/storeroom, self contained flat, large rear storage area, with roller door access to side street. The business is surrounded by quality business including hotel & supermarket.
Excellent Opportunity!
Property History for 44-46 Federal St, Rainbow, VIC 3424
- 28 May 2007Sold for $65,000
- 08 Oct 2006Listed for Sale 75000
- 05 Jun 2006Sold for $46,000
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About Rainbow 3424
The size of Rainbow is approximately 890.7 square kilometres. It has 5 parks covering nearly 8.9% of total area. The population of Rainbow in 2016 was 683 people. By 2021 the population was 672 showing a population decline of 1.6% in the area during that time. The predominant age group in Rainbow is 60-69 years. Households in Rainbow are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Rainbow work in a managers occupation.In 2021, 81.30% of the homes in Rainbow were owner-occupied compared with 82.20% in 2016.
Rainbow has 602 properties. Over the last 5 years, Houses in Rainbow have seen a 114.59% increase in median value, while Units have seen a 119.13% increase. As at 30 November 2025:
- The median value for Houses in Rainbow is $177,618 while the median value for Units is $400,720.
- Units have a median rent of $115.
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