20 Rutherglen Road, Newborough VIC 3825

Contact Agent

Stellar Investment Opportunity!

Harcourts Warragul are delighted to present 18-20 Rutherglen Rd Newborough For Sale.

A unique opportunity to purchase a fully tenanted dual income investment with a commercial premises at the front and a residence at the rear, providing the best of both worlds for the discerning investor. Located within the tightly held Rutherglen Rd retail precinct and positioned on 755sqm* of mixed use land, the key highlights include:

COMMERCIAL TENANCY
- Total floor area 157sqm*
- Excellent street appeal
- Two entrances
- Bifold windows along the front
- Three toilets (two on main level and one upstairs)
- Previously used as a café, and with commercial kitchen still in place
- Upstairs mezzanine and office
-Plenty of customer parking on the street, as well as council car park next door with a further 24 spaces*
- Currently leased to a therapy services business, returning $26,520 pa + GST and the tenant pays all usual building outgoings. Initial two year lease commenced December 2023. Further two year option followed by one year. 4% annual rent increases and market review at the beginning of each option.

RESIDENTIAL TENANCY
- Total floor area 133sqm*
- 2 Bedrooms (Both with robes, main with walk in)
- Separate office
- Large bathroom with corner bath and double rain head shower
- Open plan living/dining and well appointed kitchen with curved benchtop, freestanding gas cooktop, and dishwasher
- Hard wood flooring throughout
- Separate laundry
- Private alfresco - perfect for the entertainer
- Fully fenced backyard with established gardens
- Detached double garage with toilet and 3 phase power
- Currently leased to excellent tenants returning $350pw

*Denotes approximate

For further information or to arrange an inspection, please contact Marino Perioris on 0476 808 845 or marino.perioris@harcourts.com.au

Property Details

• Type: Retail
• Return Value: 6.10
• Tenancy: Vacant
• Zone: Mixed Use Zone