Overview

Ray White Commercial Ballarat is delighted to present 507 Warrenheip Street, Buninyong, a premier multi-income asset situated in the absolute heart of this historic township. This exceptional property offers a rare "triple-threat" revenue stream, combining two established commercial tenancies with a modern, spacious residential component.The property is strategically positioned within a high-exposure Commercial 1 Zone (C1Z), ensuring maximum long-term flexibility and capital growth potential. Located directly on the main thoroughfare, it sits adjacent to the Buninyong Town Centre and is within walking distance of the Buninyong Hotel, Buninyong Primary School, and local amenities.Investment & Property Summary:• Total Combined Income: $67,152 per annum.• Commercial Shops (2 Units): Generating $47,392 per annum + GST & Outgoings.• Residential Townhouse: Returning $19,760 per annum.• Commercial Tenants pay all usual outgoings excluding land tax• Total Building Area: Combined floor area of 275.50m² (154m² Commercial + 121.50m² Residential).• Shop 1 lease - Three year lease commencing 1/3/2025• Shop 2 lease - One year lease commencing 1/8/2025 with 2 further 3 year options• Apartment lease: Periodical lease agreementKey Property Features:Professional Commercial Suites• Current Fit-out: The ground floor is expertly separated into two separate offices. Each with three private offices, separate reception area and a dedicated waiting room.• Modern Amenities: Includes kitchenettes, accessible bathroom facilities, and integrated storage.• High Visibility: Grand heritage-style facade with large windows provides excellent branding opportunities and natural light.Spacious Residential Living• Configuration: A well-designed 3-bedroom townhouse located on the first floor.• Living Space: 121.50m² of internal area featuring an open-plan kitchen, dining, and living zone.• Outdoor Living: Large private balcony (3.2m x 8.5m) offering views of the historic streetscape.• Convenience: Includes a ground-floor garage with internal entry, dedicated laundry, and modern bathroom.Strategic Location• Township Hub: Nestled among popular local cafes and professional services in the vibrant Buninyong community.• Connectivity: Easy access to the Midland Highway, providing a direct link to the Ballarat CBD.• Asset Versatility: The Commercial 1 Zoning supports a variety of future uses, including retail, medical, or continued professional office suites.This is a rare opportunity to acquire a diversified, income-producing asset in one of the region's most prestigious and tightly held townships.

Location