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59 Whyte St

Coleraine VIC 3315

2
1
1
936 m²
House
Currently for sale - view listing

Overview

Investment Opportunity Grand Bank Building with Dual Income Potential

Exceptional opportunity to secure a historic brick bank building offering immediate income and future flexibility. Prominently positioned and rich in character, this substantial property combines a long-term commercial lease to a banking institution on the ground floor with residential accommodation upstairs and to the rear creating multiple income streams under one roof. With a striking façade, solid brick construction and classic architectural detailing this lovely building reflects the stature and permanence rarely found in today's market. The ground floor is securely leased to an established banking tenant, providing reliable returns and peace of mind for investors. Typical of a modern bank downstairs has an air conditioned service area, offices, tea room, and staff bathroom. Upstairs and at the rear, a spacious residence offers excellent rental potential or the option for owner-occupation. Complete with private balcony and garage, the residential component adds significant versatility and long-term value. Property Highlights: Grand brick bank building with strong street presence Long-term bank lease in place (secure commercial income) Upstairs and rear residential accommodation Residential rental opportunity for additional income Private balcony Garage Solid, character-filled construction Dual-income potential Whether you're seeking a commercial investment, a diversified income stream, or a landmark addition to your portfolio, this rare offering delivers security, scale, and future upside, enquire today.

Features

2 bedrooms
1 bathroom
1 carspace
936 m² lot size
House

Happy sellers in Coleraine

~%

We have insufficient information to provide an overview of customer satisfaction for Coleraine. Viewing the agent profiles, reviews and sales for Coleraine can provide insights for this location.

Local market activity for 2 bedroom houses in Coleraine

In the last 12 months, 5 two-bedroom houses similar to 59 Whyte St, have been sold.

This represents a 150% decrease in two-bedroom houses sales when compared to the previous 12 months.

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