Sold
2/34-36 Egerton Street, Narrogin WA 6312
Sold price: $100,000
Sold: 14 Jun 2021
Sold
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1 Bedroom
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1 Bathroom
Unit
View
WHO WANTS A 10% RETURN ON THEIR INVESTMENT!!!!!
This is an incredible opportunity for the investor who is wanting to make a good return on their investment with a long term tenant in a very well appointed commercial premises. Situated in the regional hub of Narrogin sits a cafe that is one of the most popular in town. It has been trading for over 30 years and has consistently offered its clientele qreat food and service of the highest quality. The current owner is looking at liquidating this asset but is prepared to lease the premises back on a 5 year lease with a 10% guaranteed return. With the banks currently not paying anything on money sitting in the bank and superannuation funds losing money this is the time to move your money back into property and have a positively geared investment in your portfolio. The property is 88sqm and boasts air conditioning and solar panels. Wont last long with the terms on offer so dont hesitate to contact Tracey Brandner on 0429 814001 for further information.
Property features
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Air conditioned
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Toilets
1
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Floor area
88m2
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Lounge
Property snapshot by reiwa.com
This property at 2/34-36 Egerton Street, Narrogin is a one bedroom, one bathroom unit sold by Tracey Brandner at Elders Real Estate on 14 Jun 2021.
Looking to buy a similar property in the area? View other one bedroom properties for sale in Narrogin or see other recently sold properties in Narrogin.
Nearby schools
Narrogin overview
The townsite of Narrogin is located in the great southern agricultural region, 192 km south east of Perth and 32 km east north east of Williams. It is located on the Great Southern Railway, and when this line was opened in 1889, Narrogin was one of the original stopping places. The railway line was a private line, and the Company that built the line declared a private townsite here in 1891. The railway was purchased by the Government in 1896, and in 1897 Narrogin was gazetted as a government townsite.
Narrogin is an Aboriginal name, having been first recorded as "Narroging" for a pool in this area in 1869. The meaning of the name is uncertain, various sources recording it as "bat camp", "plenty of everything" or derived from "gnargagin" which means "place of water".
Narrogin quick stats
High end
$325k
Median
$237k
Low end
$170k
This listing
2.8 %
Annual growth
$237k
Annual median sales price
$350pw
Annual median rental price
