For the first time in 50 years, this exceptional commercial property is available for sale. Located in the heart of the thriving Woodend township, this is a unique opportunity to own a piece of this tightly-held commercial district.
The property is within walking distance to the Woodend train station and the town’s iconic shops, which are long standing and respected businesses.
Woodend is renowned as a great weekend tourist destination, attracting visitors year-round with its charming atmosphere and vibrant community. The Commercial district is known for its scarcity of available properties, underscoring the rarity and value of this offering. Currently operational as a successful Newsagency in excess of 70 years, this is an unparalleled opportunity to invest in one of Woodend’s most sought-after locations.
Whether you’re looking to start a new venture or expand your existing portfolio, this property offers the perfect setting to thrive and a valuable addition to any property investment portfolio.
• Income: $70,408.36 pa + GST + outgoings
• Long lease until 16th May 2028 with two further 5-year options
• Commercial 1 zoning
• Land Size: 704m² approximately
• Shop Size: 275m²
• Storage room/Garage: 78m²
Copy & paste the following link for the Information Memo – https://vltre.co/OQrHMh
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Parking Bays | 3 |
Tenanted | Yes |
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R&H Suburb Summary | Houses |
---|---|
Number of sales | 83 |
Average Price | $1,005,840 |
Median Price | $920,000 |
Median Rental Price | $650 p.w. |
Change in Rental Rate (5yr) | 40 % |
R&H Suburb Summary | Units |
---|---|
Number of sales | 12 |
Average Price | $657,708 |
Median Price | $596,000 |
Median Rental Price | $485 p.w. |
Change in Rental Rate (5yr) | 21 % |
101 High Street, Woodend,
Victoria, 3442