76B Wood Street, California Gully VIC 3556
$620,000 - $645,000
Dual Purpose for Double Income House - Property ID: 942365
An exciting opportunity exists to secure a dual-purpose property in a thriving location with easy access to the city.
At California Gully it will interest property investors as well as business operators and owner-occupiers.
Zoned for industrial use (IN1Z) the land measures about 787 square metres with excellent frontage and easy access to the rear.
Improvements to the land involve a modern two-storey residence with four bedrooms, updated bathrooms, open-plan living and well-equipped kitchen.
Reverse-cycle airconditioning is installed and the home has direct access to a double auto-garage.
Further features include upper-level balcony, walk-in storage room, recent carpets, French doors and a delightful courtyard.
Behind the residence is a purpose-engineered steel building that measures approximately 100 square metres.
Inside the building is a custom-designed and professionally installed gas-heated pool measuring approximately 10.5m x 4m.
A highly regarded and fully-accredited swim school has been successfully operating from this facility.
The building has high-span roof, natural lighting, non-slip paving, bathroom facilities, reception station, commercial-grade gas connection and equipment.
It is fully compliant with council requirements and building regulations for public use and fire safety.
Onsite parking is available for up to seven vehicles and the existing concrete pad has foundations in place for future building extension.
Options abound at this property—take ownership and re-purpose the building, or continue a similar enterprise with the convenience of living onsite.
Establish your allied health service with ample space for consulting and a fully-equipped pool for essential hydrotherapy.
Lease the property as a whole or separately—the residence has an appraised rental return of $19,200 per annum, and the commercial component will double your income.
Wood Street is a bustling hub with nearby residential, schools, retail outlets, supermarket, trade centres and specialty suppliers.
Don’t wait, this freehold guarantees you greater freedom to take your business in the direction you've always envisioned. Don't be tied down to rental limitations, secure the flexibility in your own business that you've always wanted. With this freehold, you can start building your dream, beholden to no one but yourself.
Click here for the Consumer Affairs Victoria Due Diligence Checklist for Home Buyers