Secure a dual-income asset with immediate returns and long-term upside at 35-37 Walsgott Street. This well-positioned offering combines a refurbished residence and a securely leased commercial premises, delivering multiple income streams from day one in a tightly held and evolving location.

At the front of the property, a securely leased commercial premises underpins the investment with a strong and reliable income stream. Generating $26,000 per annum plus GST and outgoings, the lease is further strengthened by fixed 4% annual increases and 22 months remaining on the current term, plus two further options of three years each, providing both immediate cash flow and long-term security.

Privately positioned behind the commercial frontage, the residence is also leased, further enhancing the property's dual-income appeal. Currently returning $450 per week on a 12-month lease, the home provides a steady secondary income stream while remaining a well-appointed, low-maintenance dwelling.

Positioned in a rapidly evolving pocket of North Geelong, the property offers excellent connectivity and access to key amenities. Zoned for North Geelong Secondary College and Hamlyn Banks Primary, with Kardinia International College nearby, it is also moments from the Geelong waterfront and the Pakington Street precinct, while North Geelong Station provides easy access to Melbourne and the CBD.

Set on a substantial allotment within a Commercial 1 Zone, the property also presents strong long-term potential. Surrounded by established townhouse and mixed-use developments, the site offers a clear pathway for future redevelopment (STCA).

Opportunities that combine multiple income streams with genuine long-term upside are increasingly hard to find. This is a smart, versatile asset that delivers today while positioning you for future growth.

Contact Gartland today to arrange your private inspection.