$899K
$154,130
Confidence
High
High
$990,000
Medium
$860,000
Low
$690,000
Confidence
Medium
"Here is your opportunity to create your own business or redevelop in the extremely flexible Westbury Village Zone STCA. The potential for multiple income streams will appeal to investors. This unique 1595m2 property is situated in the main street of the historic village of Westbury. The Post Office is next door, the butcher and hairdresser are over the road, rural supplies and council chambers within 100m, this is a destination for locals. With ample street parking and wide footpaths the regular flow of tourists will increase your customer base with the right drawcard. This makes the location ideal for the sale, display and distribution of small to medium sized products. But the list of potential uses is extensive, professional services, entertainment and recreation, care, service industries, storage and more are all PERMITTED uses STCA. LazerTag, escape rooms and arcade games might be just the go in Westbury. Business features include Prominent street frontages, 34.44m on William St and 49.07m on Lyall St Main shopdisplay area is approximately 640m2 with deli cabinet stainless steel bench, check out counters, display shelving Multiple storage sheds approximately 240m2 including 2 cool rooms and 1 freezer room and Shop Office Dual access sealed drive through wide enough for a semitrailer Residence features include 4 bedroom double story brick home comfortably finished Main bedroom upstairs with ensuite, built ins and private balcony 2 lounge areas both with wood heating Viewing is a must in order to get a true indication of what this property has to offer. Call us now to arrange a private inspection."
5.6%
64%
-
-
-$130,000
-$26,019
2.9%
2.2%
-15.3%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$990,000
Estimated Purchase Price
$990,000
Stamp Duty
$39,735
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$99,000
Reg. Mortgage
$152
LMI Premium
$28,229
Renovation Costs
-
Total Cash/Equity Required
$169,746
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+8.8% PA
$2,517
$3,582
Rates
+3.0% PA
$1,247
$1,627
Water
+3.0% PA
$950
$1,240
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$21,636
$31,322
Interest Repayments
$58,806
$58,806
Net Cashflow Before Tax
-$37,170
-$27,484
Depreciation
-
-
Tax Offset
-$11,151
-$8,245
Net Cashflow After Tax
-$26,019
-$19,239
Assumptions
Year 1
Year 10
Property Value
6.8%
$918,480
$1,660,393
Loan Balance
I.O
$891,000
$891,000
$27,480
$769,393
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 16.0%
Health Care and Social Assistance - 14.0%
Retail Trade - 10.0%
Manufacturing - 9.0%
Others - 51.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Days of Supply
Sold Price
Asking Price