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40-42 High Street
Kyneton, VIC 3444

$1,900,000 - $2,090,000

Search Band

$1.8M - $1.9M High Confidence

Commercial 7 beds 2 baths 5 cars 1307 m²

Listed Date: 22nd May 2026

Last Updated: 26th May 2026

Overview

40-42 High Street, Kyneton

Completed in 1863 originally for the Colonial Bank and offered for the first time in over 50 years, this prominent two-story brick building is designed in the Italianate style by the renowned architect Leonard Terry. It commands a strong street presence and serves as a landmark at the entrance of Kyneton, presenting a unique and rare investment opportunity for discerning buyers.

The property is zoned Commercial 1 and is situated on a generous 1,307 square meter site, featuring an impressive 26-metre street frontage in the heart of Kyneton's retail precinct. This substantial building offers a wide range of potential uses, including commercial, retail, hospitality, residential accommodation, or medical purposes.

The front section of the building includes a large shop and kitchen space, which was recently operated as a pizza restaurant. Upstairs accommodation comprises four bedrooms and a grand living room, providing comfortable residential space. Additionally, there is a separate three-bedroom residence at the rear, complete with two kitchens and spacious open-plan living areas, enhancing the property's versatility and income potential.

This property is suitable for various commercial purposes such as a restaurant, bed and breakfast, retail outlet, hospitality venue, or medical practice. Multiple income streams are possible, limited only by the buyer's imagination.

Externally, the property offers ample sealed off-street parking and vehicle access, a shed with a concrete floor and power supply, a 5-kilowatt solar system, and a laneway at the rear providing additional access if required.

This is an outstanding opportunity to own a piece of Kyneton's history, featuring an iconic and historic landmark on a large, centrally located commercial site with significant upside and potential. The property is located in popular Kyneton, just one hour from Melbourne, making it an attractive proposition for investors or owner-occupiers seeking a prestigious and versatile commercial property.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.