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202 Lyons Street South

Ballarat Central

$1,250,000
Beds
4
Baths
2
Cars
6
Approx. Land Size
434 m²
No Inspection Times Available. Contact Agent to book an inspection.
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Description

2 Income Opportunity in one of Ballarat's most Iconic buildings.

Ballarat Property Group is proud to present to you one of Ballarat's most iconic buildings. Built-in Circa 1856 this is rich in history and retains most of its period features. As you make your way into the main entrance you instantly appreciate the history of the building that includes 3.6m ceilings, tall timber sash windows, exposed brick wall, scrolled archways, original cornice and ceiling roses. Featuring three levels, this once in a lifetime property is only limited by your imagination.

Endless opportunity to turn this into a mansion or earn two separate incomes from the existing set up of the property

Shop front – Amazing space of approx. 11x6.7m with so much to offer. Ideal for any business to start up straight away (currently running as a business) or renovate and turn into a Café / Restaurant. There is additional space on the other side of the foyer which could also be functionally used for a prep area and provides powder room and office space. The Garage to the rear of this section is approx. 10.1x7.1m providing fantastic storage for the shop front.

Cellar – The lower level cellar is blank canvas and a rare find, surrounded by blue stone walls this could be made into something rather special

Downstairs Apartment - Fully renovated with its own street access from Eyre Street this flexible floor plan could be used as two bedrooms with formal dining and living area or the dining area could easily be used as a 3rd bedroom. This apartment is spacious and provides updated kitchen with modern stainless steel appliances including gas cooktop, electric oven and dishwasher, there is ample cupboard and bench space and a spacious living area with gas heating. The renovated modern bathroom provides a frameless shower, vanity and clawfoot bath. Externally the downstairs apartment is serviced with a carport. Rental Appraisal for the Shop, Cellar and Downstairs apartment, Garage and carport is $600pw - $31,200 per annum

Upstairs Apartment – With old world charm upstairs apartment is accessible through the Lyons Street entry foyer. Enter the grand entrance and head upstairs to be greeted with a two bedroom apartment, spacious open plan living dining area with original brick feature walls, fireplace, ceiling roses and so much more. Gas heating services the upstairs apartment, the kitchen is of good size and provides ample cupboard space. The bathroom is original but in excellent condition. Rental Appraisal $280pw - $14,560 per annum

With the potential to earn $800 pw / $45,760 per annum. This provides you with 3.75% yield in rental income. The property has been rewired and replumbed and the NBN is connected. Situated in the heart of Ballarat and only a short walk to the Ballarat Train station this property will attract plenty of attention. so call today to book your private inspection.

Click the below link to read more about the historical significance of the building and the story of a little man who captured a city's imagination.

https://ballaratrevealed.com/tour.php?action=view_tour&tour_id=62

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Lisa
Eden-Horvat
Sales Consultant | Licensed Estate Agent
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