85 & 85A Sydney Street
Kilmore VIC 3764
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Auction: 23rd Nov 2024 (10:00 am)
Historic Kilmore property generating good investment returns
Elders Rural Services Australia Limited is pleased to present for sale a historic Kilmore property generating good investment returns.Ideally located in the main street with a 19-metre frontage, this property occupies 1,018sqm* of land across two titles and is Zoned Commercial 1.
The main building was built in 1855/56 as a hay and grain store supplying a constant stream of teamsters drawing into camp at the new township. Built of local bluestone and timber sailed from America, it has seen a variety of uses since including a grocer, brewery, saddlery and bank.
Currently ground floor (85A) is retail space occupied by a clothing shop, and includes office, kitchen, storerooms and toilets. Upstairs (85) is a three-bedroom, one-bathroom residential unit. Both 85A and 85 are currently under lease, returning $51,600 pa*.
Behind the main building is an 88sqm* brick garage/workshop, currently not leased.
Kilmore is Victoria's oldest inland town, 65 kilometres* north of Melbourne in the geographic heart of Victoria, with a population forecast to double in the next two decades.
Inspection by private appointment only.
To be Auctioned onsite Saturday 23rd November 2024 at 10am.
* denotes approximately
Features
General Features
- Land Area: 1,018sqm
- Commercial Type: Offices
- Building Area: 88sqm
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