4096sqm With an Immediate Income
This one-of-a-kind property is set on approximately 4096sqm of land, and it offers extraordinary potential. Sitting prominently on the corner of Coppard's Road and High Street Moolap are the commercial shops currently returning approximately $31,000 p/a. The exceptional scope of opportunity is highlighted by the 122metre north facing aspect along High Street allowing for ease of access, generous parking, and an expansive section of land with multiple future possibilities. The property is zoned low density residential which means the integrity of the block will need to remain in the short term which only adds value to the house that is currently on the property. At the east end of the block is the original home that is ready for reinvigoration. It has a commanding street presence and creates the ideal platform to extend from. The home capitalises on the north facing sun and features a flexible floorplan with multiple living & bedroom configurations, along with generous garaging. The scope for improvement extends from the house all the way down to the commercial section of the property. The configuration and access will appeal to the owner occupier who is looking for the extra space with convenience to the CBD and the Bellarine. The expansive section running along High Street could be fully fenced and substantial garaging added (STCA) which will allow for expansive storage for work vehicles, caravans, boats, and will suit a business owner wishing to operate from home. The house is currently leased at $350per week and combined with the commercial income the property provides an immediate income for today; tomorrow and beyond. You will be at the gateway to the Bellarine, minutes from the Geelong CBD, and set on 4096sqm, with an immediate & ongoing income, and exceptional future potential.