Sold for $322,500
Sold for $322,5005-7 Pickering Street, Ouyen VIC 3490
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Property was sold on 30 April 2024.
Sold on 30 April 2024.
4 beds
1 bath
2 cars
House
1108m²
4
1
2
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House
1108m²
Perfect for hosting memorable gatherings, this property boasts features tailored for entertaining guests.
Escape the hustle and bustle with this countryside retreat, ideal for those seeking peace and tranquility.
Designed with families in mind, this property offers a haven for children to play and grow.
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.