5-11 Watson Avenue CALIFORNIA GULLY VIC

Good, readily accessible residential land is hard to find these days, so this is an exciting opportunity for developers, builders or investors (STCA). First time on the market, this historic site comprises two land packages with eight separate titles and a total area of 6449m2 (approx. 1.6 acres). 5-7 Watson Avenue, four titles, approx. 3070m2 and 9-11 Watson Avenue, three titles, approx. 3379m2. Develop, update, renovate or land-bank, options are aplenty. There is genuine scope for childcare, early learning, retirement or aged care facilities (STCA) – geographically the location is ideal. The convenient location provides easy access to Eaglehawk shops, primary schools, kindergarten, Truscott Reserve, dog park and other sporting and community facilities linked by public transport. 5-7 Watson Avenue, Eaglehawk/California Gully The cream brick 1960’s residence is in excellent condition and includes four bedrooms, all with robes, a spacious gas-heated lounge, central bathroom, L-shaped kitchen/dining, separate laundry, WC and double garage. It has all the hallmarks of the 60’s era with a terracotta-tiled roof, wrought iron balustrade to the front veranda, big picture windows and tapestry brick open fireplaces with modern additions include split system air conditioners and gas heating. Set on four titles with a total area of approx. 3070m2. 9-11 Watson Avenue, Eaglehawk/California Gully The site of the former “Coo-gate” bakery and grocery store, established during the 1800’s gold rush, has been owned by only two families over the past 150 years. The bluestone shop, bakery and residence still standing on the site remains in mostly original condition. The shop area includes a pine-lined ceiling and timber wall shelving. The residence consists of four bedrooms, a lounge, kitchen, bathroom and laundry. There is excellent scope to renovate and improve. The bakery at the rear and timber shedding have been heritage assessed and their demolition is supported by the City of Greater Bendigo due to its very poor condition with inherent structural flaws making restoration difficult. Soil testing has been conducted and the preliminary report is available. Set over four titles with a total area of approx. 3379m2. Scotsman, John Watson came to make his fortune in the goldfields but decided to go into business instead and with his wife Margaret, they built the residence, shop and bakery from bluestone extracted from the mines. Over the years, members of their family lived and conducted business on the site until the early 1930’s when it was sold to Thomas and Lillian Naughton. They sold the bakery business and eventually closed the shop in the 1960’s when they built the house next door for their retirement. Agents notes: The property will be offered as a whole and if not sold, will be offered separately with 5-7 Watson (family home) first, followed by 9-11 Watson (Coo-gate). There will be a number system for all attendees at the auction. AUCTION TERMS: 90 days (or earlier) with a 10% deposit or 150 days (or earlier) with a $350,000 deposit to be released under section 27. Conjunctional Agent: Professionals Bendigo (Clarke McIvor Real Estate) Jacinta McIvor 0418 592 228