, Dunolly VIC

For Sale


$299,550 (Artists are welcome)


Phone enquiries - please quote property ID 23997

You will never find comparable property in the same town (or even similar towns). The property enjoys very unique artistic priceless touch and colors. The veranda offers a wide range of potential (starts from outside beautiful sitting till limitless of imagination). The colors are unique combination and vibrant. It is not comparable artistic piece on Broadway. Unfortunately, If you want to talk figures, it has limits (based on investment point of view) but if you want to talk arts, ask artists who may have valuable answers for recognition and appreciation.

Other grants/ funds available to non-profit organisations/ Developers/ Arts

- The town is enjoying 6 days/week pharmacy (as a part of this property) service since 2013 to replace drop-in/drop-off Depot.

***The buyer will receive an attractive WELCOME PACK equal to real estate agent commission (Est)***

This is an excellent opportunity to purchase a commercial property which currently has a return of nearly 6% with potential to lease out further space having a return of nearly 9%.

Highly unique site with main street “Broadway” of the gold mining town Dunolly in “Central Goldfields Shire”

* Total Land Size: 634 sqm
* Zoning: Commercial 1
* Building area: 198 sqm (142sqm Leased – 56 sqm Vacant)
* Floors: Concrete
* Car Parking: Available under front canopy and off-street parking as well as street parking along Broadway.
* Ancillary: 118 sqm (Front canopy) of front Asphalt hardstand area.
* Services: Standard Power, Three Phase and Coliban Water.

142 sqm of the building is currently leased (Mar 2018) to a Pharmacy returning $15,000 per annum with a long-term lease in place.
This lease is 5+5 years starting from Mar 2018

The remaining area (56m2) is currently vacant (Never occupied by choice). This gives the opportunity for either an owner-occupier (with guaranteed return of $15k from the Pharmacy Lease) or as an investor seeking high returns. If you are an owner occupier and have a business which could prosper from being next door to a chemist, then all the better!
NOTE: The rear site of land (which runs along the southern boundary of the rear Lot 1), is subject to 99 years lease at $1 per annum

Suitable for:
1- Investment/Income
2- An owner occupier
3- Brainstorming / Creative Victorian or Interstate (creative-strategy)

This day and age, returns of this magnitude are hard to come by. So make your enquiry today.

DISCLAIMER No Agent Business (www.noagentbusiness.com.au) is an Australian For Sale By Owner website operating since 1999. We proudly assist commercial property owners who are looking to sell or lease their own commercial property without paying any real estate commission. While every care has been taken to verify the accuracy of the details in this advertisement, the correctness cannot be guaranteed.

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