Positioned just metres from the Ulverstone CBD, this property presents a rare opportunity to secure a dual income investment with 'General Business' zoning on a substantial 822m2 (approx) allotment. With both a residential tenancy and a recently vacated mechanics workshop, the property was generating a combined return of $870 per week, making it an ideal addition to any investment portfolio.
The Residence - The home itself is neat, functional, and low maintenance - offering:
- Three bedrooms, all with built-in robes
- Kitchen and dining area with separate lounge
- Sun-filled living spaces
- Separate toilet and laundry
- Undercover outdoor area
- Weatherboard construction with aluminium windows
- Near new roof
Currently rented at $370 per week, the home provides steady residential income.
The Workshop -186 sqm (Now Vacant). A major value-add to the property is the fully functional workshop, which was recently returning $500 per week. Now that it's vacant there is an opportunity to secure a new tenant at a higher return.
Features include:
- Three-bay lockable workshop
- Office space
- Toilet and smoko/kitchen area
- 3-phase power with 32 amp outlet
- Vehicle hoist
- Large awning for additional workspace or storage
Key Highlights
- Dual income stream
- Zoned 'General Business' - flexibility for future use (STCA)
- Walking distance to Ulverstone CBD
- 823m2 approx. allotment
- Low maintenance holding investment
- Strong appeal for investors, tradies, or business owners.
This is not about presentation - it's about return, location, and long-term upside. With a zoning that supports future flexibility, this is a smart acquisition for buyers looking to maximise yield and potential.
Roberts Real Estate have obtained all information in this document from sources considered to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate. Please note, photos are indicative of the property only.