There are three unique parts to this FREEHOLD puzzle, all on 2,271 sqm. Located on one of Parkerville busiest roads.Firstly we have the Parkerville General Store, such an iconic store in the hills dating back well over 100 years. This is currently being rented out at $24,000 per year.Secondly we have the Brook Restaurant, capable of seating 80 people inside and out, plus lawn area. This classic venue rests on the edge of Jane Brook. Picture perfect setting for functions and weddings. The restaurant is currently closed and we are seeking a tenant at $36,000 per year.Thirdly we have a 1 bedroom flat that sits above the restaurant area. This could be rented for $200 per week, bringing in another $10,400 per year. Making the total rent possible of $70,400 per year.At a $1M that's just a little over 7% ROIFor an inspection please call me Jim Middleton on 0423 768 592 (please do not approach the tenants)
The size of Parkerville is approximately 19.0 square kilometres. It has 13 parks covering nearly 5.3% of total area. The population of Parkerville in 2016 was 2325 people. By 2021 the population was 2432 showing a population growth of 4.6% in the area during that time. The predominant age group in Parkerville is 10-19 years. Households in Parkerville are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Parkerville work in a professional occupation.In 2021, 90.70% of the homes in Parkerville were owner-occupied compared with 89.50% in 2016.
Parkerville has 1,096 properties. Over the last 5 years, Houses in Parkerville have seen a 98.86% increase in median value, while Units have seen a 29.02% increase. As at 30 April 2026:
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