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55 Wallace St

Meredith VIC 3333

3
2
10
4046.86 m²
House
Currently for sale - view listing

Overview

Investors & entrepreneurs take note!

A rare and versatile investment opportunity delivering an approximate 7% yield with clear scope for further upside. Positioned on just over an acre in the heart of Meredith, 55 Wallace Street is home to one of the township's most well-known and frequented destinations, offering a unique blend of residential, retail and commercial income streams. The property features a charming three-bedroom cottage alongside a highly successful café, complete with a fully equipped commercial kitchen. Complementing this is an established steel art business and a collection of specialty retail spaces showcasing an eclectic mix of vintage and artisan goods. Currently returning approximately $42,000 per annum from the residence and café, plus an additional $10,000 per annum from a long-standing retail tenant keen to remain, the asset provides immediate income with stability. The expansive remaining land is utilised for the steel and garden art business, presenting exceptional flexibility for future use. Whether continuing the existing operation or reimagining the space as a nursery, garden supplies hub or other outdoor-focused enterprise, the options are extensive. With onsite parking for approximately 12 vehicles and outstanding exposure along the well-trafficked Midland Highway within the 60km/h township zone, the property is ideally positioned for ongoing commercial success. An opportunity to retain the current income streams while enhancing and expanding this already thriving precinct, or to reposition and add your own vision. For further information or to express your interest, contact Nathan Brown today and secure one of Meredith's community treasures. Disclaimer: We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.

Features

3 bedrooms
2 bathrooms
10 carspaces
4046.86 m² lot size
House

Happy sellers in Meredith

80%
80% of sellers in Meredith reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 5 reviews in Meredith over the last 12 months.

Local market activity for 3 bedroom houses in Meredith

In the last 12 months, 5 three-bedroom houses similar to 55 Wallace St, have been sold.

This represents a 29% increase in three-bedroom houses sales when compared to the previous 12 months.

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