73-77 Witt Street
Benalla, VIC 3672

This versatile property offers an exceptional opportunity for both residential investment and commercial/industrial use, located in a growing and dynamic area. Currently operating as a residential investment, the property benefits from existing tenancies generating a strong annual return of $52,000, spread across three separate tenancies. This demonstrates the potential for immediate income and long-term benefits.

The land parcel is substantial, covering approximately 3,062 square meters, with an additional 987 square meters available for purchase at 39 Gay Street, enhancing the scope for further development or expansion. It is situated in close proximity to the newly developed Amberfields Estate, a residential housing area that adds to the appeal and growth potential of the location.

The property's prominent corner position provides excellent access, making it highly accessible and adaptable for a variety of uses. The strategic location also means it is within walking distance to local shops, transport options, and all the essential amenities offered by the town of Benalla, ensuring convenience for residents, tenants, or commercial operators.

Overall, this property represents a unique blend of residential, commercial, and industrial possibilities, perfect for investors or developers looking to capitalize on the expanding Benalla area. Properties offering such flexibility and potential are rare, making this an opportunity not to be missed.

Key features include:

• Multi-use flexibility with residential and industrial zoning options.
• Strong and diverse income stream from current tenancies.
• Large land area of 3,062 sqm with potential to acquire additional land.
• Close to expanding residential developments adding value to the area.
• Excellent corner location providing practical access and exposure.
• Conveniently located near shops, transport, and town facilities.

Whether you're an investor seeking steady returns from a diversified property or a developer looking for growth potential, this property provides numerous advantages in a thriving community setting.