56
High
Street
kyneton
VIC,
3444
$999,000
2
2
3
Land: 430 sqm
Dual Income in the Heart of Kyneton | Up to 6.25% gross yield
INSPECT BY PRIOR APPOINTMENT
Right in the heart of Kyneton, this is one of those rare opportunities that just makes sense. 2 income streams, 2 street frontages and a combination that's incredibly hard to find - a long-standing essential service tenant at the front and a brand new, high quality home tucked privately behind.
Returning approximately $62,400 per annum, the property offers a strong 6.25% gross yield, underpinned by secure income and exceptionally low vacancy risk - a standout for a regional mixed-use holding of this calibre.
Front | Secure Commercial Tenancy
The High Street shopfront is leased to an established dry cleaning operator on a 7 x 7 x 7 lease, returning $600 per week. With no local competition, a loyal customer base and specialist equipment in place, this is a dependable, low risk income stream in a high-visibility position (Freehold ONLY - business NOT included).
Rear | Brand New 2 Bed, 2 Bath Home
Privately positioned via Welsh Street, the newly completed residence is designed for easy living and strong rental appeal. Built by Expandable Homes, it features a sleek flat-roof profile, engineered timber floors, double glazing and a 7 star energy rating.
Inside, the layout is simple and well resolved - open plan living, a stone kitchen with integrated laundry, 2 well sized bedrooms with built in robes and 2 beautifully finished bathrooms with stepless showers. Ceiling fans and split system heating and cooling.
Estimated rental return of $600 per week, with broad appeal to quality long term tenants or owner occupiers wanting a low maintenance, central base.
With Commercial 1 zoning, dual frontages to High Street and Welsh Street, off street parking for the business and a dedicated rear car space, the flexibility here is a real advantage.
It will suit investors, SMSFs, live work buyers or anyone looking for stable, diversified income in a tightly held town centre.
Kyneton continues to show strong rental demand and consistent growth. Opportunities that combine secure commercial income with a brand new residence - and deliver this level of return - are few and far between.
Request an private inspection if you're in the area over easter!
Agents
Nearby Schools
About kyneton
median House price
836500median House rent
600suburb rental yield
3.7%Similar Properties
Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.
