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184 Barker Street

Castlemaine VIC 3450

3
1
100 m²
House
Currently for sale - view listing

Overview

Prime freehold in the heart of Castlemaine

Offering exceptional flexibility and solid investment appeal, this centrally located double-storey brick commercial building presents a rare opportunity in one of Castlemaine's most sought-after precincts. Set on approximately 100 m² of land with floor space of approximately 200 m², the property is positioned within the Commercial 1 Zone (C1Z) and benefits from excellent side and rear laneway access. Currently leased to a secure long-term tenant until mid-2027, with a further four-year option, the property returns $36,000 + GST + Outgoings. Combined with its solid brick construction and new roof, it represents an attractive and low-maintenance, set-and-forget investment. The ground floor comprises two generous open rooms ideally suited to retail, café or office use. The front room showcases a classic period shopfront with beautiful leadlight windows and prime exposure on busy Barker Street, while the rear section includes a WC, laundry and internal access to the upper level. Upstairs offers four rooms along with a spacious kitchen and bathroom, presenting excellent potential to convert to a residential dwelling above a commercial tenancy (STCA). The versatility of the Commercial 1 Zone further enhances its suitability for redevelopment or mixed-use configurations. Additional advantages include 3-phase power, commercial gas lines, strong street presence, a versatile internal layout with scope to reconfigure, and a prime position within a vibrant, high-foot-traffic part of town. A standout opportunity for investors, owner-operators or those seeking a mixed-use project in thriving Castlemaine.

Features

3 bedrooms
1 bathroom
100 m² lot size
House

Property history for 184 Barker Street

2023
Rented
Undisclosed
Leased on 21 May 2023 by Jellis Craig Central Highlands

Happy sellers in Castlemaine

90%
90% of sellers in Castlemaine reported that their sale price either exceeded or met their price expectations.

Castlemaine stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Castlemaine over the last 12 months.

Local market activity for 3 bedroom houses in Castlemaine

In the last 12 months, 77 three-bedroom houses similar to 184 Barker Street, have been sold.

This represents a 11% increase in three-bedroom houses sales when compared to the previous 12 months.

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