Rare opportunity to invest or redevelop in the heart of Heathcote

Commanding 1,034sqm with three street frontages in the heart of Heathcote town centre, this unique property presents immense potential for developers and a fantastic opportunity for savvy investors and owner-occupiers alike. Zoned Commercial 1, the block has an existing three-bedroom dwelling, currently tenanted plus a huge historic building suitable for a business.

It is placed along the main shopping precinct, opposite the iconic Gaffney Bakery, and strolling distance to Heathcote Primary School, Heathcote Hospital, Heathcote Swimming Pool and the local sports oval. In addition, the town is located close to Lake Eppalock and just a 40-minute drive to Bendigo.

At the front of the property, with access via High Street, stands one of Heathcote’s oldest buildings. Complete with pressed metal ceilings, it was originally a dance hall, and later the site of the first Argyle Council Meeting. It now contains an office with split system a/c, enormous workshop (11.5m x 10.3m), three large bays, substantial storage and a w/c. Tenanted until December 7th 2020, it provides good investment potential. It also has a signboard, which generates an income of $900/year.

At the rear of the property is a much loved c1960s weatherboard residence. Well maintained throughout with scope to update, it has a spacious L-shaped living and dining room with split system a/c, galley-style kitchen with plentiful cabinetry, three generous bedrooms including two with built-in robes, bright bathroom with a separate w/c, sizeable laundry and single carport. The home is individually leased and has an excellent current tenant who is keen to remain.

contact

Daniel Bruggink

Daniel Bruggink

03 5783 2233

0431 284 765

Vanessa Bruggink

Vanessa Bruggink

5783 2233

+61 487 127 372

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$690,000 - $740,000

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property information

  • Street Address 61 High Street
  • Suburb Heathcote
  • Postcode 3523
  • Price $690,000 - $740,000
  • Property Type House for Sale
  • Land Size 1034 m2

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