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97 Vincent Street, Daylesford VIC 3460

$2,950,000

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$2.95M - $3.1M Transparent Transparent Listing Based on an openly advertised listing price.

House 5 Beds 4 Baths 3 Cars 1150 m²

Listed: 33 days ago

Updated: yesterday

Overview

This impressive property at 97 Vincent Street in Daylesford offers a rare blend of commercial and residential opportunities set within a prominent gateway location. Spanning a substantial 1,150 square metre Commercial 1 (C1Z) zoned landholding, it boasts a 25.6 metre frontage onto the town's main street plus rear right of way access. This makes the site highly versatile, suitable for investors or developers seeking both stable income and potential value-add avenues subject to council approval.

The offering incorporates three lucrative holdings with reputable tenants, including Bendigo Bank and GRAIN X Daylesford Brewing Co, delivering a strong rental income stream approximated at $207,290 plus GST annually. Complementing this is a luxury 5-bedroom, 4-bathroom residence, currently performing as a short-term stay rental, with the added benefit of being available for owner occupation.

Spacious, well-appointed residential component ideal for short stay guests or owners requiring multiple bedrooms and bathrooms.
Established commercial tenancy footprint creating a year-round income base and strong foot traffic from Daylesford’s bustling retail and hospitality precinct.
Excellent redevelopment potential providing scope for transformation or expansion, contingent upon council approvals.
Strategically positioned in Daylesford, a highly sought-after historic town, popular with tourists and benefiting from over 1.7 million overnight stays per annum.

Overall, this property suits discerning investors or owner-occupiers looking for a multi-faceted asset combining lifestyle, stable income, and growth potential within a premier regional locale.

Local Market Insights

In Daylesford, Quiet Listings observed 7 new houses entering the market over the last 30 days, unchanged from 7 in the prior period, with an average advertised asking price of $1,049,286. The property type mix of listed properties is predominantly Houses at 63%, followed by land (25%), and commercial properties (13%). The most active agency for houses in the Daylesford area is currently Jellis Craig, representing 71% of new listings, followed by McQueen Real Estate with 43%. 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.