96-98 Piper Street
Kyneton, VIC 3444

Overview

Landmark Building in the Historic Piper Street Precinct

Expressions of Interest close on Tuesday 2nd June at 3:00pm, presenting a unique opportunity to acquire a landmark commercial property in the historic Piper Street precinct of Kyneton. This substantial freehold, formerly the Kyneton & District Co-Operative Butter Factory, boasts significant historical value and a well-established commercial presence.

The building is constructed from rendered brick and bluestone, resting on robust bluestone foundations. It consists of a series of interconnected spaces developed over time, including the original corner store dating back to circa 1863, the main factory, stockroom, and residence. This combination creates a diverse and highly functional commercial offering.

The Piper Street frontage features a single-storey section, while the corner building rises to two storeys and includes a significant loft space. Notable features include a bluestone cellar, original structural elements, and remnants of the former butter factory machinery, all contributing to the property's character and authenticity.

Adjacent to the main building is a Georgian residence known as the Garden Tap House, which adds further versatility. Currently operating as a high occupancy Airbnb, it comprises multiple bedrooms, living areas, and period features such as double-sided fireplaces. This residence is well maintained and provides an additional income stream.

Externally, the property benefits from multiple access points via Piper Street, Wedge Street, and a secure rear laneway off Mitchell Street, leading to a substantial rear yard. Recent significant restoration and repainting have ensured the building presents to a high standard.

The entire site is currently leased to a mix of established tenants, including café, retail, studio, and workshop uses. The tenancy mix is well diversified, with long-standing occupants and lease terms extending into the early 2030s, offering a secure and consistent income profile.

Key features of the property include:

• Landmark commercial building within the historic Piper Street precinct
• Approximately 1,000 square meters under roof across multiple interconnected areas
• Four principal tenancies with additional sub-tenancies
• Strong lease profile with long-term occupancy
• Rear laneway access and substantial yard space
• Commercial 1 zoning with an additional Residential 1 component to the rear
• Three-phase power, water, and services to workshop areas

This property represents a significant and tightly held asset, combining scale, history, and reliable income in one of regional Victoria's most recognized commercial locations.

Location