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Location
Market Insights for Nagambie VIC 3608
New Listings (last 30 days)
5
Average price
$616,600
Lowest price
$500,000
Highest price
$729,000
Other properties in this postcode

271 And 271A High Street, Nagambie VIC 3608

$2,400,000

Listed: 55 days ago
Overview

This expansive property offers a rare combination of diverse income streams and significant development potential, making it a unique opportunity on High Street, Nagambie. Spanning 3,593 square meters across two titles, this versatile holding comprises a shopfront, six one-bedroom units, a bungalow, and a 15-site caravan park. This mix of elements provides multiple revenue sources and flexibility for future development or owner-operator use.

Its prime location within walking distance to the supermarket and town center enhances its appeal, ensuring steady tenant interest and convenient access to local amenities. The direct rear gate access to adjoining parkland and lake not only adds lifestyle value but also acts as a compelling draw for tenants and visitors alike.

The property’s considerable size and array of uses support potential for various investment strategies or development paths, appealing to investors looking for multi-income opportunities or developers considering expansion. The existing infrastructure on site supports immediate income generation while holding promise for growth.

  • Generous land area over two titles totaling 3,593 sqm
  • Combination of shopfront, multiple accommodation units, and caravan park
  • Highly sought-after central Nagambie location close to key amenities
  • Direct access to parkland and lake enhances tenant and visitor experience
  • Exceptional potential for continued multiple income generation or development

With its breadth of features and strong location, this property is suited to investors, developers, or owner-operators seeking a distinctive, multi-faceted asset in a growing regional town.

Local Market Insights

In Nagambie, Quiet Listings observed 5 new houses entering the market over the last 30 days, unchanged from 5 in the prior period, with an average advertised asking price of $616,600. The property type mix of listed properties is predominantly Houses at 38%, followed by land (23%), and units (8%). The most active agency for houses in the Nagambie area is currently Ray White, representing 60% of new listings, followed by Gaehl Real Estate with 40%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

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.