Located in the tightly held main street of Yarrawonga and located at the Lake Mulwala end of Belmore Street, 23-25 Belmore St is a multi-faceted income stream, commercial opportunity beckoning for the astute investor. Comprising of four separate commercial tenancies covering retail, professional services, and food/hospitality as well as two self-contained apartments currently leased through Airbnb and booking.com, as short-stay accommodation, this is a solid investment opportunity with room to grow. The Commercial leases return an approximate combined income of $87,589.84 per annum, while the "Apartments on Belmore" averaged $102,500 per annum across the 21/22 & 22/23 financial years. The commercial buildings are in very good condition, have been updated and have strong tenancies with Elders Insurance, Abode Living, and Ali Baba Kebabs all enjoying this main street location and Housemade Food & Coffee via the main street entrance alley to the bespoke rear courtyard, servicing those looking for a bite on the run or those ready to enjoy the quiet garden setting. While the commercial tenancies are effectively "set and forget", it's the Apartments on Belmore that give you flexibility with the potential to increase occupancy through further marketing. Their proximity to the hub of Yarrawonga, providing secure onsite parking with an additional and easily accessible public car park, all while being a short 200m stroll to the Lake Mulwala foreshore will ensure that these apartments will always be high on the wish list of holidaymakers. Maybe you've thought of retiring to the area and can live in one of the apartments, with your income assured via the balance of the portfolio. The possibilities are endless.
Auction Time: Fri 5 Apr, 11:00am
An outstanding opportunity awaits to acquire a landmark Beechworth property - The Empire Hotel. This remarkable freehold establishment is situated in one of Victoria's most vibrant tourism destinations. The Empire Hotel stands as a modern, top-tier hotel and culinary destination, and is strategically positioned in the heart of Beechworth on the corner of Camp and High Streets. Following a high-quality refurbishment, the Empire Hotel offers a comprehensive range of services including bar, dining, functions, and accommodation and is licenced for 341 patrons. The ground floor is expansive and licenced for 186 patrons. The public bar area is well appointed including a long bar and features a granite stone open fireplace whilst there is a curbside allowance for 16 seated patrons. The keg room is modern and is fully owned and unencumbered by existing brewery contracts. The restaurant is well-recognised as a gourmet destination. The commercial kitchen is first rate and comprises food preparation, dishwashing and cooking areas, along with deep fryer, grill, gas cooktop, two commercial combi ovens, commercial rangehood and cool and dry store rooms. Upstairs is licenced for 55 patrons (internal) and accommodation provides six individual guests rooms, male and female bathroom amenities, breakfast and sitting rooms, plus the manager's two bedroom private accommodation. Additionally, there is a scullery and of course, the grand wrap-around veranda overlooking the town licenced for 97 patrons (external). Did we mention the substantial second walk-in cellar? A complete inventory of the high-quality fixtures, furnishings and equipment is available upon request. Beechworth is a consistent recipient of recognised tourism awards and includes popular attractions such as the Murray to Mountains Rail Trail, Old Beechworth Gaol, Lake Sambel and Lake Sambel Caravan Park, The Burke Museum, Woolshed Falls, Beechworth Honey, Beechworth Bakery, Billson's and Bridge Road Brewery…just to name a few. Versatile options for the sale of the property including vacant possession, WIWO or the possibility of a going concern. Auction on-site April 5th, 2024, if not sold prior.
Auction Time: Fri 5 Apr, 2:00pm
Discover the epitome of mixed-use excellence in this prime location, offering both commercial and residential spaces to satisfy diverse needs. Dating back to the Beechworth gold rush era, this remarkable property has been fully renovated and updated to ensure its continued longevity. Residential Space: Upstairs, a meticulously renovated 68 sq. m. (approx.) apartment awaits. It is fully furnished and ready for fixed or short-term accommodation or as permanent residency. This chic townhouse features an open plan living and dining area with timber laminate floating floors, whilst the kitchen has enjoyed a recent fit-out with quality appliances. It's perfect for the innovative chef in all of us. The master bedroom overlooks Ford Street whilst the second bedroom is private and has quality carpet fitted. The central bathroom is elegant in design and function. It has undergone a comprehensive upgrade including new plumbing. Additional features include split system heating and cooling, private rear access and off-street parking, plus a garden shed for storage. Along with the plumbing upgrade, comprehensive electrical improvements have also been undertaken. Commercial Space: Occupying an equally generous 68 sq. m. (approx.), the downstairs area is currently leased providing a steady income of $2,271.70 (inc. GST) per calendar month plus outgoings. This vibrant commercial space adds a dynamic dimension to the property. It's standing on vibrant Ford Street provides high exposure in this highly sought-after locale. Like upstairs, it has had electrical and plumbing upgrades plus the installation of a toilet with vanity and split system convenience. This exceptional property not only offers a captivating blend of historical character and contemporary living but also presents a strategic investment opportunity. Don't miss out on this pinnacle position, where residential comfort meets commercial viability. Act now to secure a unique space that seamlessly combines the best of both worlds.
Discover the diversity of this unique property positioned in the centre of thriving Beechworth at the corner of Ford Street and Star Lane, where residential and commercial opportunities converge. Presenting a tri-fold investment potential: 1. Gammons Accommodation: Step into history with this charming 2-bed, 1-bath residence – a heritage gem constructed around 1865. Currently utilised as sought-after holiday accommodation, it features a fantastic balcony that offers panoramic views along Ford Street, adding a touch of historical charm to contemporary living. Currently in a secure lease at $2002 per calendar month. 2. Vacant Commercial Space: Spanning approx. 71 sq. m, this recently renovated commercial space awaits your entrepreneurial touch. Perfectly poised for a variety of ventures, from a gourmet restaurant or cafe to an inspiring gallery - the possibilities are limitless. 3. Beechworth Laundromat: Enhance your investment portfolio with the inclusion of the Beechworth Laundromat – a thriving business opportunity. Catering to the local community's needs, this established venture adds a dynamic layer to this diverse property mix. With off-street parking for three vehicles and a storage shed at the rear, you can seize the chance to own a property that not only encapsulates history but also propels you into a future brimming with potential. This is more than a real estate investment - it's an invitation to shape your investment portfolio with a multi-faceted business in the heart of Beechworth.
It's an absolute pleasure to offer to the market 7 High St Wodonga. This classic red brick building, circa 1859, was the original site of Wodonga's Court House, Police residence and Gaol. Recently transformed into a modern office, this space incorporates a reception, two private offices, a boardroom, two toilets including an all-abilities toilet, kitchenette, a large open plan office approx. 70m2 and mezzanine of approx. 32m2. There is also a common area courtyard and four dedicated car parks. Currently leased to a leading architectural firm until March 2025, with an additional income from the onsite Brekkie Box, leased until June 2027, the current yield is $63,000 pa plus GST and outgoings. This prominent corner site at the northern entrance to Wodonga would be a perfect addition to your investment portfolio or for those looking for a commanding position for their own enterprise. With a new OTR service station and convenience store soon opening across the road, along with easy access to the Hume Freeway and the Albury/Wodonga CBD - this is an opportunity not to be missed. Investors, please call and speak to our Commercial Leasing Manager, Natalee Willson 0428 249 222, to help you grow your investment portfolio.
This landmark, Beechworth building has operated as a solicitor's office since 1852 but is now offered to the market with vacant possession. This high-profile Camp Street location is suited for accounting, legal, medical or similar professionals or as a boutique retail outlet in one of North East Victoria's premiere towns. Commercial Zoned freehold land of 206 sq. m. with a total net lettable area of 106 sq. m. Three main central office spaces and waiting room plus large safe/vault at the rear, along with storage room, additional office space, kitchenette and toilet facilities. Additional features include 4.2 kW solar system along with a separate rear entry and laneway thoroughfare for rear access or to cater for parking and deliveries.