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Withheld
$144,546
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$910,000
Medium
$820,000
Low
$730,000
Confidence
Medium
Historic commercial property in McLaren Flat, located in the McLaren Vale Wine Region. Built in 1911, it has two titles totaling 1,254 square meters. Currently operating as two businesses with stable customer turnover. Positioned near a school and recreational facilities, it has no direct competition and high presentation standards. Flexible investment opportunity with options for vacant possession, walk-in walk-out, or leaseback. Suitable for various uses, subject to council consent.
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Try Picki for FREELocation, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Retail Trade - 15.0%
Health Care and Social Assistance - 15.0%
Manufacturing - 11.0%
Education and Training - 11.0%
Others - 48.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
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Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
Below are some similar properties in the area you may be interested in.
0%
92.8%
$940K
2.9%
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Try Picki for FREE$10,000
-$22,223
2.9%
Asking Price
-
Estimated Purchase Price
$810,000
Stamp Duty
$38,380
Transfer Fee
$7,619
Conveyancing
$1,226
Deposit (10%)
$81,000
Reg. Mortgage
$187
LMI Premium
$23,320
Renovation Costs
-
Total Cash/Equity Required
$152,282
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$1,710
$2,231
Water
+3.0% PA
$1,271
$1,658
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$16,367
$23,916
Interest Repayments
$48,114
$48,114
Net Cashflow Before Tax
-$31,747
-$24,198
Depreciation
-
-
Tax Offset
-$9,524
-$7,259
Net Cashflow After Tax
-$22,223
-$16,939
Unlock the power of Picki
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$875,760
$1,583,166
Loan Balance
I.O
$729,000
$729,000
$146,760
$854,166
