115-119 Raglan StreetSale VIC 3850
Property Details for 115-119 Raglan St, Sale
115-119 Raglan St, Sale is a 3 bedroom, 1 bathroom House. The property has a land size of 843m2 and floor size of 900m2.
Last Listing description (September 2026)
This extensively renovated commercial freehold which once known as the Iconic Raglan Stores, offers the astute investor a wonderful opportunity to make the most of the two individual shops and residence on the one title!
With two commercial leases in place and the residence set to go. The potential gross rent comes in at around $53,456, offering an 8.1% return.
The three properties on offer are
115 Raglan Street: Niche studio style shop in brilliant condition. Leased at $8000 per annum ($153 per week) plus outgoings on new 12 month lease. 1 x 2 Year option with 3.5% Annual increases.
117-119 Raglan Street: Stunning shop that has been extensively renovated to an extremely high standard. Currently set up as large hair dressing salon with numerous stations, consult room, office, kitchen and staff amenities. New Lease: 1 year from settlement with 4 x 1 year options at $475 per week ($24,700 Per Annum: Plus Portion of outgoings
119B Raglan Street: Three bedroom residence in good condition with lock up garage. Ideal for the owner operator of the business in the shop or lease out and collect the income: Potential Rent $400 per week.
Total Potential Income $1,028 per week ($53,456 per annum)
The property holds a Commercial 1 Zone, which allows for numerous uses.
It's unique and flexible and a wonderful opportunity.
For a Due Diligence Checklist go to: http://www.consumer.vic.gov.au/duediligencechecklist
Property History for 115-119 Raglan St, Sale, VIC 3850
- 09 Sep 2025Listed for Sale $635,000
- 11 Nov 2024Listed for Sale $695,000
- 01 Nov 2014Listed for Sale Not Disclosed
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0About Sale 3850
The size of Sale is approximately 46.0 square kilometres. There are 35 parks, covering nearly 2.8% of the total area. The population of Sale in 2016 was 13673 people. By 2021 the population was 14296 showing a population growth of 4.6% in the area during that time. The predominant age group in Sale is 30-39 years. Households in Sale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Sale work in a professional occupation.In 2021, 64.50% of the homes in Sale were owner-occupied compared with 63.90% in 2016.
Sale has 8,966 properties. Over the last 5 years, Houses in Sale have seen a 40.39% increase in median value, while Units have seen a 36.38% increase. As at 31 August 2026:
- The median value for Houses in Sale is $564,821 while the median value for Units is $363,346.
- Houses have a median rent of $525 while Units have a median rent of $410.
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