Exclusive opportunity to secure three immaculate apartments with an abundance of heritage features in the iconic former Gore Fire Station with a potential gross yield of 9.0%. Behind the distinguished facade lies three magnificent apartments over two generous levels.
On the lower level you will find two apartments, one of two bedroom, the other of one bedroom. Complimenting these two apartments is a commercial space currently utilised as an art gallery. On the upper level is a further two bedroom apartment. All apartments are perfectly styled with high ceilings incorporating skylights in the lower apartments. Each apartment shares a sheltered courtyard providing an outdoor retreat to entertain or relax day or at night. Nestled in the heart of Gore, close to fabulous cafes, bars, eateries and shopping.
Ideal live in arrangement or stand alone investment where an attractive potential income and return on capital may be derived from the apartments either from long stay tenants or visitor accommodation. In addition there is a holding income from the art gallery which the space in itself presents varying business uses to maximise income.
Improvements made to the building includes structural upgrading to 90% of NBS ensuring the character of the structure is retained with modern comforts incorporated within. Call me today to view.
Floor Area370sqm (approx)
Lease to Art Gallery returning $9,500 plus GST pa (inc rates & insurance)