This exceptional free hold title comes with a long term tenant returning approximately $29,150 Gross 5.8 % per annum to the astute investor. This tightly held main street retail shop is in high traffic location in one of the top ten fastest growing suburbs in Victoria. A successful long term laundry mat recently renovated is in a current three year term with a further three year option. Approximately 90m supplies freehold certainty. It shares large street front parking, rear parking for staff and secured rear entry for delivery with shared male and female toilets for all tenant access. Secure a premium retail investment while securing your families future. Situated in the rapidly growing suburb of Wallan. Possibility to increase floor space, subject to owners corporation and subject to council approval. Call Alan Wilson on 0417 577 988 or Bianca Thomas 0425 733 651 and make an offer today..
The size of Wallan is approximately 69.7 square kilometres. It has 13 parks covering nearly 0.6% of total area. The population of Wallan in 2016 was 11074 people. By 2021 the population was 15004 showing a population growth of 35.5% in the area during that time. The predominant age group in Wallan is 30-39 years. Households in Wallan are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wallan work in a trades occupation.In 2021, 76.30% of the homes in Wallan were owner-occupied compared with 77.80% in 2016.
Wallan has 10,222 properties. Over the last 5 years, Houses in Wallan have seen a 14.95% increase in median value, while Units have seen a 36.10% increase. As at 31 March 2026:
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