310 Broadway Wycheproof VIC 3527
Property Details for 310 Broadway, Wycheproof
Last Listing description (October 2023)
* Corner property with multiple tenants and income streams
* Profitable business established in 1907 current owner 13years
* Tenants include Newsagency, Chemist including Bgo Bank Agency plus additional office space available to lease
* Very loyal customer base with no competition
* Opportunity to have your Superfund own the freehold and generate significant income
* Standalone business that you can run yourself or sell the lease and simply collect the rent
* No experience required Extensive training provided
* Solar system that substantially reduces the power bills
Is your New Years resolution as simple as wanting to work for yourself with a secure income and a nest egg for the future? Do you want to become a Landlord and sit back and generate rent from your investment? Do you want to work in your own business where you have the flexibility to manage your own time? Do you want to become a key stakeholder in one of Victoria's most delightful rural towns? This opportunity offers the answer to these questions.
If you answered YES to any of the above questions then the opportunity to purchase both the Newsagency business and also own the entire Freehold building may be just the right fit. With the current owner appreciating the significance that owning both the business and the freehold property presents, agreeing to sell the iconic establishment plus the business on a WIWO basis wasn't easy, however it does represent the best and fairest way to move forward in life, while also providing the future Landlord / Tenant with a guaranteed income from multiple sources.
Situated on Broadway, the main street of Wycheproof and capturing the eye of all passing pedestrian and vehicle, there is no shortage of patrons.
With 13 years working in the newsagency which is certainly one of the Blue Chip businesses in town, it is difficult for the owners to say goodbye, however the time has come and they are keen to ensure their successor thrives. They are still only going a phone call away providing comfort for anyone looking to make the transition.
Available immediately or with terms to suit, this is the perfect time to make the change you've been considering at an extremely affordable price.
Call Chris now to discuss this iconic sale and who knows, Santa may have just arrived early.
Property History for 310 Broadway, Wycheproof, VIC 3527
- 28 Dec 2022Listed for Sale $380,000 - WIWO
- 11 Jul 2012Sold for $85,000
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0About Wycheproof 3527
The size of Wycheproof is approximately 220.0 square kilometres. It has 1 park covering nearly 0.1% of total area. The population of Wycheproof in 2016 was 635 people. By 2021 the population was 610 showing a population decline of 3.9% in the area during that time. The predominant age group in Wycheproof is 60-69 years. Households in Wycheproof are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Wycheproof work in a managers occupation.In 2021, 78.50% of the homes in Wycheproof were owner-occupied compared with 78.70% in 2016.
Wycheproof has 520 properties. Over the last 5 years, Houses in Wycheproof have seen a 52.94% increase in median value. As at 31 March 2026:
- The median value for Houses in Wycheproof is $237,571 while the median value for Units is $305,906.
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