75 Princes HighwayYarragon VIC 3823
Property Details for 75 Princes Hwy, Yarragon
Last Listing description (December 2022)
Situated in the bustling tourism town of Yarragon, approx. 120km east of Melbourne, this attractive commercial property presents an excellent opportunity for a discerning buyer.
Located in a prime corner position on Princes Highway and Rollo Street in a Commercial 1 zone, the 580m2 allotment comprises a former residence that is currently leased to the Gippsland Grazer. The building comprises several principal rooms plus kitchen and renovated bathroom. Externally, there is an undercover patio area plus off-street parking for 2 vehicles via side access off Rollo Street.
Key lease details are as follows:
- 2 years from 0/01/2023
- $23,500p.a + GST
- CPI increases during the term and market review at option
- 1 x further term of 2 years
- Tenant pays outgoings
Benefit from the on-going rental return and future potential of the site on the Highway connecting Melbourne to East Gippsland.
For further information or to arrange an inspection, contact Hockingstuart Warragul.
Property History for 75 Princes Hwy, Yarragon, VIC 3823
- 19 Dec 2022Sold for $475,000
- 29 Oct 2022Listed for Sale $500,000
- 20 Sep 2017Sold for $145,000
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0About Yarragon 3823
The size of Yarragon is approximately 68.0 square kilometres. The population of Yarragon in 2016 was 1650 people. By 2021 the population was 1893 showing a population growth of 14.7% in the area during that time. The predominant age group in Yarragon is 60-69 years. Households in Yarragon are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Yarragon work in a trades occupation.In 2021, 81.30% of the homes in Yarragon were owner-occupied compared with 78.80% in 2016.
Yarragon has 1,192 properties. Over the last 5 years, Houses in Yarragon have seen a 35.70% increase in median value, while Units have seen a 8.90% increase. As at 30 April 2026:
- The median value for Houses in Yarragon is $687,420 while the median value for Units is $432,646.
- Houses have a median rent of $520.
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