50-52 Ridgway, Mirboo North, Vic 3871

Name: Inspection
Start: 2026-09-12T13:30:00+10:00
End: 2026-09-12T14:00:00+10:00
Location: 50-52 Ridgway, Mirboo North, Vic 3871

For Sale

Stockdale & Leggo Mirboo North - Mirboo North

House

Type

Bedrooms

Bathrooms

Parkings

1,393 m²

Area

Published on Thursday, September 10, 2026 ( See property details for 50-52 Ridgway, Mirboo North, Vic 3871)

$675,000

View the agent price guide.

Emma Evans Director/Branch Manager

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile mixed-use property in Mirboo North offering commercial income and a comfortable three-bedroom residence on a substantial 1,393m² allotment.

🏡 Property Highlights

Mixed-use property with commercial shopfront and three-bedroom residence
Positioned within Mirboo North's main commercial strip
Generates a combined rental income of approximately $36,639 per annum
Commercial tenancy returning $13,758.84 annually with CPI review
Two titles on a 1,393m² allotment in Commercial 1 Zone (C1Z)
Separate entrances for commercial and residential components with internal connection

✨ Key Features

Open parking
Built in robes
Heating
Air Conditioning
Water tank
Security Screens / Gates
Open-Plan Living
Ensuite
Outdoor Area
Built-in Robes

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50-52 Ridgway

Mirboo North, VIC 3871

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Suburb and Property Insights of Mirboo North, VIC 3871

Mirboo North is a vibrant regional hub renowned for its charming cafes, retail outlets, and professional services, all within walking distance. The area offers a strong community atmosphere, excellent amenities, and a strategic location for both business and residential pursuits. Its established commercial precinct supports diverse economic activities, making it an attractive place for investors and residents alike. The town’s scenic surroundings and access to outdoor activities enhance its appeal for a balanced lifestyle.

Frequently Asked Questions

What is the current lease status of the residential and commercial components?

The residential component is leased at $440 per week until April 2027, while the commercial tenancy returns approximately $13,758.84 annually with CPI reviews.

What are the future leasing or occupancy options for this property?

The property offers flexibility for future owner-occupiers or investors, with potential to bring the business and home together once current leases expire or are renegotiated.

Are there any additional costs associated with the commercial tenancy?

The commercial tenant is responsible for building insurance, council rates, and water rates, reducing the owner’s ongoing expenses.

What are the zoning and development restrictions for this property?

The property is located within the Commercial 1 Zone (C1Z), which supports retail, commercial, and mixed-use development, subject to council approval.

Is there potential for future development or expansion?

With two titles on a large 1,393m² allotment, there may be opportunities for future development or subdivision, subject to local planning regulations.

What to ask about this property to agent?

Are there any hidden costs or upcoming maintenance expenses not covered in the current lease agreements? Have all necessary planning permits and approvals been obtained for the existing structures? Are there any zoning restrictions or easements that could impact future development plans? Is there any history of flooding, bushfire risk, or other environmental hazards on the property? Are there any planned infrastructure projects or nearby developments that could affect the property's value or accessibility?

50-52 Ridgway, Mirboo North, Vic 3871 - More Details

$675,000

THE PROPERTY
Positioned within Mirboo North's main commercial strip, this substantial mixed-use property combines a commercial shopfront with an attached three-bedroom residence. With both components currently leased, the property generates a combined rental income of approximately $36,639 per annum.

The commercial premises feature generous display windows and a flexible layout, currently configured with a retail floor and two office spaces, while the attached three-bedroom, two-bathroom residence includes a large backyard, entertaining deck and rear access via Burchell Lane. Separate entrances allow each tenancy to operate independently, with an existing internal connection providing additional flexibility beyond the current leasing arrangements.

THE HIGHLIGHTS
- 1,393m² (approx.) allotment
- Commercial 1 Zone (C1Z)
- Two titles
- Residence leased at $440 per week until April 2027
- Commercial tenancy returning $13,758.84 per annum
- Annual CPI review with further commercial lease options available through to June 2029
- Commercial tenant responsible for building insurance, council rates and water rates
- Commercial shop floor measuring approximately 9.7m x 7.5m, plus two offices
- Commercial kitchenette, storage, toilet and heating/cooling
- Two-vehicle open carport plus additional residential parking
- Two smart meters servicing the property

THE LIFESTYLE
At the heart of Mirboo North's commercial precinct, cafés, the supermarket, retail, professional services and everyday amenities are all within easy walking distance, supporting both the commercial tenancy and the convenience of residential living.

Beyond the established dual income, the combination of commercial and residential spaces provides longer-term flexibility, including the potential for a future owner-occupier to bring their business and home together at the one address once the existing leases permit.

*While every effort has been made to ensure the accuracy of the information contained herein, prospective purchasers are encouraged to review the Due Diligence Checklist provided by Consumer Affairs Victoria and to make their own enquiries regarding the property – consumer.vic.gov.au/duediligencechecklist

Type: House
Bedrooms: 3
Bathrooms: 3
Parkings: 4
Area: 1,393 m²
House Size: 376.91 m²

Price guide

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Inspections times

Inspection Sat 12 Sep 1:30 pm

Saturday 12 September
1:30 pm - 2:00 pm

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50-52 Ridgway, Mirboo North, Vic 3871

$675,000

Open on Saturday 12 September 1:30 pm | View All

AI Property Insight

🏡 Property Highlights

✨ Key Features

Suburb and Property Insights of Mirboo North, VIC 3871

Frequently Asked Questions

What to ask about this property to agent?

50-52 Ridgway, Mirboo North, Vic 3871 - More Details

$675,000

Price guide

Inspections times

Inspection Sat 12 Sep 1:30 pm

Three Dimensional Virtual Tour - 50-52 Ridgway, Mirboo North, Vic 3871

Map & nearby places — 50-52 Ridgway, Mirboo North, Vic 3871

Login to experience 50-52 Ridgway, Mirboo North, Vic 3871 in 3D

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Emma Evans

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