63 High Street

Rushworth VIC 3612

Set on over 2900m2 of freehold in the centre of Rushworth is this excellent investment opportunity with 2 street frontages plus room to expand the model. Situated 176km to Melbourne, 85km to Bendigo and 52km to Shepparton these 1 bedroom units were built in 1919 by philanthropist Alexander Miller in the High Street with excellent proximity to the towns shops and services. All walking distance. Bank, grocer, hardware, doctor, superior bakery, hospital, P-12 schooling, NBN option, pub and sports facilities.......all nearby.
The 8 solid red brick units feature foundation walls, high ceilings, hardwood framing, concrete pathways, north facing verandahs, attractive terracotta roof tiling, secure perimeter fencing, park like treed area, ample parking and a quiet setting. In 2012 the vendors refurbished the units with new curtains, carpet, vinyl and paint. The bathrooms have replaced vanities and walk in wide showers, kitchens had new upright cookers and benches plus the electrics and plumbing assets have been upgraded where necessary. The practical layout is one bedroom, lounge, kitchenette plus a bathroom and laundry area. Easy upkeep and a front garden for those looking to practice their gardening interest.
The vendors enjoy consistently high occupancy with little turnover of leases and rates set between $150 - $190 per week. This stand alone and fully self contained business is reaping great reward at a time when bank investment and super funds struggle to offer a consistent return. The business can be purchased as a going concern and not attract GST, with the owners looking for a 60 / 90 day settlement.