Commercial & Residential in the one investment! For Sale

241 High Street, Belmont

$1,625,000 - $1,775,000

Block Of Units

Commercial & Residential in the one investment!

Buy one or buy both, you choose!

Inspections by appointment only.

This extraordinary opportunity at 241 High Street offers both a high visibility consulting clinic and a residential premises with tonnes of options. The hard work is done - separately titled already and compliant with all council regulations, this is an property not to be overlooked.

Number 1, Odelia House, a gorgeous Californian Bungalow with high visibility but remarkably private set behind a high front fence and gorgeous established gardens. With all four rooms leased at full occupancy, an expected annual return of $90,480 p/a. The two smaller rooms are currently rented for $420pw, whilst the larger rooms rent for $450pw, totaling a significant $ 1,740 per week gross. Continuing periodic leases are in place currently for three of the four rooms.

Beautifully presented with original stained-glass windows, a grand entrance and renovated to cater for wheelchair accessibility (entrance, waiting room, WC & Consulting room 2), the four consulting rooms are complemented by a central and neat kitchen with dishwasher & bar fridge, fully renovated bathroom, comfortable waiting room with accessible WC & additional toilet that can be converted to a laundry if needed. The outdoor undercover deck offers space to have a cuppa and a break, with direct gate access to the double carport at the rear. The clinic is kept comfortable year-round with ducted heating and refrigerated cooling, convenience & visibility on bustling High Street.

Unit 2, nestled at the rear of the site, offers smart convenience living - a seamless blend of contemporary style and ample space. Immerse yourself in a 3-bedroom home where design meets purpose, every corner reflecting thoughtfulness and style. Whether you choose to keep this rented or own and run the clinic from onsite, the option is yours.
On entering, the glint of timber floors welcomes you to an atmosphere drenched in natural sunlight. Your eyes are immediately drawn to the open-plan layout, grounded by a modern kitchen. Stone benches, stainless steel appliances, and a convenient breakfast bar speak of a kitchen designed not just for cooking, but for living.
Privacy is paramount, with the main bedroom cleverly tucked away upstairs on the northside and boasting a well-appointed ensuite. The upper floor promises versatility with two additional spacious bedrooms with robes and a second family room, perfectly adaptable to cater to families or guests alike.
Current renters are in a fixed-term lease until early 2025 paying $530pw / $27,636p/a.

Strategically situated close to the High Street cafe precinct and a comfortable walk to the Highton Village, these properties ensure you're never far from your needs. Be it the cafes, Schools, Deakin University, Epworth Hospital, easy access to South Geelong Train station or just a stroll in the park, everything's within reach.

Price for Unit 1 is $1,100,000 if bought alone, a solid 5% return on this year's earnings with the capacity to reach 8% at the current rates.
Price for Unit 2: $685,000