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78 Main Road Riddells Creek, VIC 3431

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78 Main Road,
Riddells Creek, VIC 3431

Shops & Retail

Key property information

Land area

Floor area

Tenure type

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Map of 78 Main Road

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Golden Passive Investment Opportunity

Forget chasing meager Residential returns. Instead set yourself up in Retail. Now is your chance to secure an affordable premises in the heart of the Township. Main street exposure and walking distance to all amenities.This long standing tenant will provide secure income to those wanting a "set and forget" investment.


Highlighting the main features;
*$21,606 p.a rental amount
* New 3 year lease July 2025 with 3 x 3 options.
*3% fixed yearly increases
*Outgoings paid by Tenant
*105 sqm Building ( approx)
*215 sqm ( approx ) land
* Front and rear loading via common area driveway
* Potential floor area expansion ( s.t.c.a.)


An Important factor to consider is that vacancies are a rare occurrence and the property is positioned in literally the centre of the Township and has been a cafe for many, many years!
Boasting a strong yield , this Commercial Investment is one to secure long before considering Residential risks. Screaming affordability, inquire now for all information.



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In preparing this information, Ray White Sunbury has used our best endeavours to ensure that the statements contained herein are true and accurate. All information (including but not limited to the property area, floor size, price, address and general property description) has been provided to Ray White Sunbury by third parties. As such, Ray White Sunbury makes no statement, representation, or warranty and assumes no legal liability in relation to the accuracy, context or suitability for any purpose of the information provided in advertising the property. Prospective purchasers should conduct their own due diligence and inquiries to verify the information independently.

We encourage buyers to make their own enquiries and refer you to the due diligence checklist provided by Consumer Affairs for further information

http://www.consumer.vic.gov.au/duediligencechecklist

Additional information

Riddells Creek, 3431 demographic data

The median household income for Riddells Creek is $2,150, 13% higher than Greater Melbourne's household income of $1,901. Riddells Creek has an older age profile compared to the rest of Greater Melbourne (median age 42 vs 37). Property ownership data shows 55% of property owners in Riddells Creek have a mortgage.

4,390
Population
$2,150 per week
Median household income
42 years
Median age
Owners
Most residents
Families
Most households
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78 Main Road
Riddells Creek, VIC 3431

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