An outstanding opportunity to acquire a tightly held mixed-use freehold in one of Elwood's most desirable and thriving locations.
Positioned prominently at 166 Tennyson Street, Elwood, this versatile property combines a well-established laundromat business with unique residential accommodation above, delivering immediate income and long-term investment security.
The ground-floor commercial premises are leased to a quality long-term tenant on a secure 5 + 5-year lease, providing strong holding income for investors. Rear lane access further enhances convenience and functionality for both the commercial and residential components.
Above, the property features a spacious and versatile two-bedroom residence with its own private entrance. The accommodation comprises two generous bedrooms, a light-filled sunroom, separate living and family rooms, a central bathroom, and a well-appointed spacious kitchen. Offering generous proportions and a flexible layout, the residence provides a comfortable and private living environment, ideal for owner-occupiers or as an additional investment opportunity.
Located within walking distance of Elwood Village, cafés, public transport, schools and the beach, this is a rare opportunity to secure a blue-chip bayside asset with multiple income streams and future potential.
Excellent future growth and value-add potential (STCA)
A rare opportunity to secure a flexible investment offering stable income, residential appeal and long-term upside in the heart of Elwood.
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