247-249 Wyndham Street,
Shepparton, VIC 3630

Shops & Retail

Key property information

Land area

Floor area

Car spaces

Tenure type

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Map of 247-249 Wyndham Street

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Commercial Freehold with Over 8% Net Return

This charming commercial freehold is ideally located in the heart of Sheppartons CBD. Offering an iconic restaurant downstairs and a 2 bedroom residence upstairs, this property has been occupied by the same business for almost 30 years. Currently leased at $52,972.88 plus GST plus outgoings until March 2018 with a further option of 5 years.

Property features include:
-Land Area: 476m2 (approx)
-Building Area: 305m2 over two levels (approx)
-Rear access with onsite car parking
-Outdoor dining
-Storage area
-Long term tenant
-Current business occupying the property for almost 30 years
-$52,972.88 plus GST plus outgoings
-CPI increases annually
-Market reviews at the end of each term

Shepparton, 3630 demographic data

The median household income for Shepparton is $1,285, 7% lower than Regional Victoria's household income of $1,386. Shepparton has a younger age profile compared to the rest of Regional Victoria (median age 38 vs 43). Property ownership data shows 46% of property owners in Shepparton have a mortgage.

32,067

Population

$1,285 per week

Median household income

38 years

Median age

Owners

Most residents

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Most households