17 Church St, Geelong West, VIC, 3218

Snare an exceptional investment opportunity with this well-located shop and residence close to Pakington St and Geelong’s waterfront. A range of options await savvy investors – rent out the front shop and attached two-bedroom home separately, offer them for lease as a single venture, or live in the house and rent out the shop. With high potential rental yield of more than 6 per cent, shop current leased on a month to month basis for $43,000 and potential return on rear house of $20,000 per annun, a prominent street frontage, the property offers strong ongoing financial returns. The rear residence, accessed via a side lane, features a lounge, separate meals area, kitchen, study alcove, central bathroom, two toilets and separate laundry. The timber kitchen includes a breakfast bar, wall oven and plenty of storage with pantry. Step out from the dining space through sliding doors to a private backyard with sun-soaked alfresco lawn area. The home also retains character features such as high ceilings with decorative roses, leadlight and cornices. Other features include a security system, split-system unit and low-maintenance garden. Stroll to Pako cafes and shops and bayside walking tracks to the CBD. Quality schools including Kardinia International College and Ashby Primary School are also convenient, along with the Ring Road and highway to Melbourne.