Built as a general store by Henry Brown Foot it was later used as a billiard room for the Mechanics' Institute. Sold to the Government Saving Bank in 1915 and an upper floor was added to the building in 1924 to provide for a manager's residence. The Government Savings Bank became the Commonwealth Bank of Australia in 1931 and continued to occupy the building until 1961.
D L Lawrence & Co converted the building into two flats in 1962. The facade of the building was restored c1995.
The property now consists of an office front and one bedroom flat on the ground floor and a three bedroom two bathroom residence of (approx.) 220sqm on the first floor.
A prominent position with-in the main precinct with street frontage provides an ideal opportunity to secure a mixed use investment property.
1st Floor Large living room with gas heating Three bedrooms, main with ensuite and built-in robe Kitchen with gas cooking Formal dining room 2nd bathroom Sunroom Laundry Storage rooms Access via side lane and rear of building Rear parking space
Currently Rented: Flat 1/155, $280.00 per week.
Ground Floor Front Office Reception area Separate office space Large storage room Bathroom, separate w.c
Rent: Office $330 per week on a 2+ 1 term
Ground floor unit Living room Kitchen, walk-in pantry Bedroom, ensuite, built-in robe Laundry & storage Carport Shared back yard
Currently Rented: Flat 2/155, $160 per week on a 2 + 1 term
Approx. Building Area Total Area: 220.32sqm + 204.93sqm = 425.25sqm (45.6sq) Bottom Floor Area: 8.1m x 25.3m = 204.93sqm (22sq) Top Floor Area: 8.1m x 27.2m = 220.32sqm (23.6sq)
Rent Total Gross when tenanted $770.00 per week $40,040 per annum (excluding GST)
Land Land at the rear of the building (not including lane): 8m x 25m = 200sqm Total Block size: 436.4sqm Zone: B2 Local Centre Main Street parking & rear parking for residents
All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.
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