INSPECT BY PRIOR APPOINTMENT
Right in the heart of Kyneton, this is one of those rare opportunities that just makes sense. 2 income streams, 2 street frontages and a combination that's incredibly hard to find - a long-standing essential service tenant at the front and a brand new, high quality home tucked privately behind.
Returning approximately $62,400 per annum, the property offers a strong 6.25% gross yield, underpinned by secure income and exceptionally low vacancy risk - a standout for a regional mixed-use holding of this calibre.
Front | Secure Commercial Tenancy
The High Street shopfront is leased to an established dry cleaning operator on a 7 x 7 x 7 lease, returning $600 per week. With no local competition, a loyal customer base and specialist equipment in place, this is a dependable, low risk income stream in a high-visibility position (Freehold ONLY - business NOT included).
Rear | Brand New 2 Bed, 2 Bath Home
Privately positioned via Welsh Street, the newly completed residence is designed for easy living and strong rental appeal. Built by Expandable Homes, it features a sleek flat-roof profile, engineered timber floors, double glazing and a 7 star energy rating.
Inside, the layout is simple and well resolved - open plan living, a stone kitchen with integrated laundry, 2 well sized bedrooms with built in robes and 2 beautifully finished bathrooms with stepless showers. Ceiling fans and split system heating and cooling.
Estimated rental return of $600 per week, with broad appeal to quality long term tenants or owner occupiers wanting a low maintenance, central base.
With Commercial 1 zoning, dual frontages to High Street and Welsh Street, off street parking for the business and a dedicated rear car space, the flexibility here is a real advantage.
It will suit investors, SMSFs, live work buyers or anyone looking for stable, diversified income in a tightly held town centre.Kyneton continues to show strong rental demand and consistent growth. Opportunities that combine secure commercial income with a brand new residence - and deliver this level of return - are few and far between.
Request an private inspection if you're in the area over easter!
