Positioned just metres from the Ulverstone CBD, this property presents a rare opportunity to secure a dual income investment with 'General Business' zoning on a substantial 822m² (approx) allotment. With both a residential tenancy and a recently vacated mechanics workshop, the property was generating a combined return of $870 per week, making it an ideal addition to any investment portfolio.
The Residence - The home itself is neat, functional, and low maintenance - offering:
• Three bedrooms, all with built-in robes
• Kitchen and dining area with separate lounge
• Sun-filled living spaces
• Separate toilet and laundry
• Undercover outdoor area
• Weatherboard construction with aluminium windows
• Near new roof
Currently rented at $370 per week, the home provides steady residential income.
The Workshop -186 sqm (Now Vacant). A major value-add to the property is the fully functional workshop, which was recently returning $500 per week. Now that it's vacant there is an opportunity to secure a new tenant at a higher return.
Features include:
• Three-bay lockable workshop
• Office space
• Toilet and smoko/kitchen area
• 3-phase power with 32 amp outlet
• Vehicle hoist
• Large awning for additional workspace or storage
Key Highlights
• Dual income stream
• Zoned 'General Business' - flexibility for future use (STCA)
• Walking distance to Ulverstone CBD
• 823m² approx. allotment
• Low maintenance holding investment
• Strong appeal for investors, tradies, or business owners.
This is not about presentation - it's about return, location, and long-term upside. With a zoning that supports future flexibility, this is a smart acquisition for buyers looking to maximise yield and potential.
Roberts Real Estate have obtained all information in this document from sources considered to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate. Please note, photos are indicative of the property only.
