AUCTION 12PM THURSDAY 24TH OCTOBER 2024 ( UNLESS SOLD PRIOR )
Ray White Mt Gambier is pleased to present 3-3A Wyatt Street, Mount Gambier, for sale. This exciting and unique investment opportunity comprises two one-bedroom apartments under one roof. The character stone-built property sits close to the town centre, within walking distance of Penola Road/Riddoch Highway, Commercial Street, and Frew Park.
The property benefits from a spacious allotment near the corner of Riddoch Highway, surrounded by historic buildings and parks. Shopping, dining, and entertainment options are nearby, and easy access to both central Mount Gambier and the Marketplace is available.
Both homes are accessed from a neat, stone-fenced front lawn raised from the sidewalk. The lawn has a long concrete driveway to the left and gated rear access to the right. Each premises has a private rear parking garage, with street parking also available.
Covered porticos sit to either side, each with grand stone staircases leading to main entrances.
The first apartment opens into a spacious foyer that leads to a stunning front-facing living room with hardwood floors, high ceilings, a ceiling rosette and bay windows. It boasts an ornate brick surround fireplace feature and gorgeous bay windows with leadlight detail and a love seat.
A central hall accesses the bedroom and bathroom to the left. At the rear, there is an open-plan living/dining room, kitchen, and a separate laundry room.
The bedroom has been updated with floating floors. It offers high ceilings, a built-in robe and large windows overlooking the side of the property.
The bathroom is tiled and offers a vanity with a basin, storage, and a mirrored medicine cabinet. It also has a glass-frame shower, a separate bath, and a toilet.
The living area offers two large windows providing natural light and electric heating. A fully equipped kitchen offers abundant cabinetry, an electric oven and cooktop, and a double sink overlooking the garden via large windows. The laundry room is adjacent with an external linen press and an internal wash basin. It accesses the rear yard for convenience.
The second apartment offers a similar layout, with the entry hall leading directly into the main hallway. It accesses the main bedroom to the right, overlooking the garden. It benefits from generous proportions and a built-in robe. The bathroom sits adjacent, also offering a vanity, a glass-frame shower, and a separate bath. The toilet sits at the rear of the flat, adjacent to a large laundry with outdoor access and a wash basin.
A spacious, central, open-plan living area offers floating floors and an original fireplace mantle surround with updated electric heating installed. A trio of windows let natural light filter through the living, dining and cooking areas.
The kitchen overlooks the side of the house and features abundant cabinetry, a free-standing electric oven and cooktop, a double sink, a tiled splashback surround, and a walk-in pantry.
Embellished ceiling cornices and beams add character to the interior, with a neutral colour palette to suit all tastes.
This fantastic renovation project will attract consistent rental or holiday-let income (STCA). The sturdy stone structure is part of Mount Gambier's historic era, adding character appeal for any visitor. The rear of the home features a concrete patio and access to the secure garages for both apartments. It is a low-maintenance property that would suit local investors and interstate or city buyers alike.
Contact Tahlia and the Ray White Mt Gambier team to learn more about this property, as well as the rental income appraisal and holiday let potential. RLA 291953
Additional Property Information:
Council Rates: 3 Wyatt Street - $416.16 approx.
3A Wyatt Street - $363.79 approx.
Age/ Built: mid 1900's
Land Size: 682m2
Rental appraisal: Minor updates and maintenance work would be required and a estimated rental appraisal would be approximately $350 per week
