2 / 308 Forest Street
Buninyong, VIC 3357

Overview

2 / 308 Forest Street

Rarely does a property of such scale, character, and versatility become available in the heart of Buninyong. 2/308 Forest Street is not just a home; it is a multi-faceted estate offering a unique 1980s conversion of a 1960s office and warehouse complex. Whether you are looking for a high-yield investment, a premier home-business headquarters, or a creative residential sanctuary, this property offers a footprint and potential that is simply unmatched in the local market.

The Main Residence: Mid-Century Character (Building B) The primary 3-bedroom residence (approx. 105sqm) beautifully blends mid-century structural integrity with unique architectural flair.

• Architectural Volume: Striking cathedral ceilings and sawtooth roof windows flood the home with natural light.
• A Secure History: Features a spacious walk-in pantry that served as a secure vault in its previous life.
• Modern Comfort: Recently upgraded with a brand-new heating/cooling system and a new hot water unit.

The Multi-Use Annex: Unlimited Potential (Building A) To the rear sits an expansive 220sqm structure - a 50% double-brick, 50% tin facility that is a dream for entrepreneurs or investors.

• Configurable Zones: Divided into three separate, climate-controlled zones, all fully insulated (R3.5/R2.5) with four bathrooms and multiple multi-use rooms.
• Versatile Past, Limitless Future: Previously utilized as a counselling center and construction office, this space is perfect for professional suites, a creative studio, a high-end workshop, or even an Airbnb conversion.
• Secure Storage: Includes a massive 11x4m garage with a remote panel lift door.

Infrastructure & Development Upside

• Dual Access: Rare double-street frontage with primary driveway access from Forest Street (2-3 parks) and secondary access via Eyre Street with parking for up to 6 additional vehicles.
• Subdivision Potential: Set on 729sqm, there is significant potential for subdivision (STCA), allowing a buyer to potentially sell off a portion of the site while retaining a primary asset.
• Income Stream: Strong potential combined rental return, with a significant portion of the building currently vacant for your immediate personal or professional use.

Location: The Heart of the Village Positioned centrally in a premium residential area, you are just a short stroll from Buninyong's famous cafes, botanical gardens, and local shops. You get the peace of a residential neighborhood with the infrastructure of a commercial site.

The Opportunity This is a property that adapts to your needs - use it as a high-performance investment, a multi-generational living solution, or the ultimate "work from home" estate. With a Section 32 available and short settlement options, the path to ownership is clear.

Offered via Expressions of Interest. Experience the scale and scope of this Buninyong landmark.

Location