17-19 Ranceby Road Poowong VIC 3988

Alex Scott & Staff are pleased to present 17-19 Ranceby Road, Poowong for private sale for the first time in nearly 25 years. Well established, and locally supported within a vibrant rural community, this property offers a terrific investment opportunity with long term tenants.
The key facts of this opportunity include:
- Income of $56,904 p.a. plus GST. (approx. 5.83% return)
- Secure long term and established Tenants in IGA Local Grocer and Liquor and Poowong Dairy and Hardware).
- Poowong Dairy and Hardware have a current 3-year Lease Term ending April 2026 (with a further 3-year option)
- IGA have a current 5-year Lease Term ending January 2029 (with 2 further 5-year options).
- Only Businesses of their kind in town.
- Rent reviews - Annual CPI and market.
- Total Land size = 3,251m².
- Zoned Commercial 1.
- 50 metre frontage and drive-thru access to the rear from either side of the building.
- Total Building area of approx. 842m².
- Potential for further development (STCA).
- Excellent Main Street location with plenty of car parking for customers.

Contact the selling agents today for further information or to arrange an on-site inspection.

Disclaimer: Whilst every care has been taken in preparing the above information, it is to be used as a guide only. Please refer to the appropriate legal documentation to complete your due diligence.