THE PROPERTY
Positioned within Mirboo North's main commercial strip, this substantial mixed-use property combines a commercial shopfront with an attached three-bedroom residence. With both components currently leased, the property generates a combined rental income of approximately $36,639 per annum.
The commercial premises feature generous display windows and a flexible layout, currently configured with a retail floor and two office spaces, while the attached three-bedroom, two-bathroom residence includes a large backyard, entertaining deck and rear access via Burchell Lane. Separate entrances allow each tenancy to operate independently, with an existing internal connection providing additional flexibility beyond the current leasing arrangements.
THE HIGHLIGHTS
- 1,393m² (approx.) allotment
- Commercial 1 Zone (C1Z)
- Two titles
- Residence leased at $440 per week until April 2027
- Commercial tenancy returning $13,758.84 per annum
- Annual CPI review with further commercial lease options available through to June 2029
- Commercial tenant responsible for building insurance, council rates and water rates
- Commercial shop floor measuring approximately 9.7m x 7.5m, plus two offices
- Commercial kitchenette, storage, toilet and heating/cooling
- Two-vehicle open carport plus additional residential parking
- Two smart meters servicing the property
THE LIFESTYLE
At the heart of Mirboo North's commercial precinct, cafés, the supermarket, retail, professional services and everyday amenities are all within easy walking distance, supporting both the commercial tenancy and the convenience of residential living.
Beyond the established dual income, the combination of commercial and residential spaces provides longer-term flexibility, including the potential for a future owner-occupier to bring their business and home together at the one address once the existing leases permit.
*While every effort has been made to ensure the accuracy of the information contained herein, prospective purchasers are encouraged to review the Due Diligence Checklist provided by Consumer Affairs Victoria and to make their own enquiries regarding the property consumer.vic.gov.au/duediligencechecklist
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