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$650K
$105,837
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$770,000
Medium
$695,000
Low
$620,000
Confidence
Medium
The Ruffy Produce Store offers a remarkable business and living opportunity nestled in the picturesque township of Ruffy. This 2,056sqm property features a former produce store, cafe, and restaurant equipped with a commercial kitchen and dining area for 50 guests. Its outdoor space, ideal for hosting up to 120 patrons, is embraced by oak trees, creating a perfect setting for culinary experiences. Accompanying this establishment is a private, charming three-bedroom residence with garden views. With a general liquor license, essential cafe fixtures, and a lucrative location, this property holds various avenues for entrepreneurial ventures.
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82.6%
-
-
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Try Picki for FREE$85,000
-$13,792
3.8%
Asking Price
$695,000
Estimated Purchase Price
$610,000
Stamp Duty
$31,670
Transfer Fee
$1,533
Conveyancing
$1,196
Deposit (10%)
$61,000
Reg. Mortgage
$129
LMI Premium
$17,393
Renovation Costs
-
Total Cash/Equity Required
$113,471
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
$1,802
$2,351
Water
+3.0% PA
$1,015
$1,324
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$16,531
$24,130
Interest Repayments
$36,234
$36,234
Net Cashflow Before Tax
-$19,703
-$12,104
Depreciation
-
-
Tax Offset
-$5,911
-$3,631
Net Cashflow After Tax
-$13,792
-$8,473
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$742,260
$1,341,829
Loan Balance
I.O
$549,000
$549,000
$193,260
$792,829
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 17.0%
Education and Training - 12.0%
Accommodation and Food Services - 11.0%
Health Care and Social Assistance - 10.0%
Others - 50.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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projected
for 2024 to 2026
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Trusted by over 13,000 property buyers and counting...
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
