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House
SOLD on Apr 2024
$322,500
5-7 Pickering Street, Ouyen, VIC, 3490, Australia
4
1
2
1108 m²
Property Features
- Air Conditioning
About this Property
Welcome to this exceptional property that combines a commercial building with main street frontage and a charming residential residence at the rear. This unique property comprises the Bank building, which is currently rented out by the NAB Bank, and a four-bedroom, one-bathroom home that was previously the bank manager's residence.
With 2 separate tenancies the property offers a steady income stream & a fixed term lease in place for the new owner.
The four-bedroom, one-bathroom home was solidly built with a spacious living area, modern kitchen, and 3 generously sized bedrooms with built-in wardrobes plus large sleep out or rumpus room.
The property offers a strong return at present which shows approximately 6.9% with a new lease entered for the bank. The combined rent of $480 per week provides a strong return and an ability to pay down a mortgage quickly. The residential home has also found suitable tenants due to a severe lack of available homes within the township.
The bank tenancy has renewed a 2 year lease with an further option of 1x1x1. paying $221 per week. The residence is currently paying $265 per week with a rent increase due in September.
Located in a prime position in the heart of a strong rural community, this property offers an incredible opportunity to secure a prime piece of real estate.
With 2 separate tenancies the property offers a steady income stream & a fixed term lease in place for the new owner.
The four-bedroom, one-bathroom home was solidly built with a spacious living area, modern kitchen, and 3 generously sized bedrooms with built-in wardrobes plus large sleep out or rumpus room.
The property offers a strong return at present which shows approximately 6.9% with a new lease entered for the bank. The combined rent of $480 per week provides a strong return and an ability to pay down a mortgage quickly. The residential home has also found suitable tenants due to a severe lack of available homes within the township.
The bank tenancy has renewed a 2 year lease with an further option of 1x1x1. paying $221 per week. The residence is currently paying $265 per week with a rent increase due in September.
Located in a prime position in the heart of a strong rural community, this property offers an incredible opportunity to secure a prime piece of real estate.
Statement of Information
View Statement of InformationIn compliance with Estate Agents Act 1980
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Elders Real Estate - Mildura | Wentworth
+ 61 0429 953 365
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More Details on 5-7 Pickering Street, Ouyen VIC
How many bedrooms and bathrooms does 5-7 Pickering Street, Ouyen have?
5-7 Pickering Street, Ouyen is a 4 bedroom, 1 bathroom house.
Who is the agency that listed 5-7 Pickering Street, Ouyen?
The agency who listed 5-7 Pickering Street, Ouyen is Elders Real Estate - Mildura | Wentworth - you can contact the agents here.
How many car spots does 5-7 Pickering Street, Ouyen have?
5-7 Pickering Street, Ouyen is a 2 car spot home.
How much is 5-7 Pickering Street, Ouyen?
The price of 5-7 Pickering Street, Ouyen is $300K - contact the agents to find out more.