14-16 Mostyn Street, Castlemaine
The ultimate Castlemaine central location
A local business landmark, this large inner-town property comprises of 3 separate lease holdings all on long term agreements, with the opportunity to add a fourth. Accommodation is also ready made with bathrooms and laundries in two of the existing dwellings.
The property also lends itself perfectly to future development of townhouses or apartments (STCA) with the rear shed being the ideal location for a coffee roasting house or micro-brewery.
With a short walk to supermarkets and train stations, the possibilities really are endless.
Currently returning a rent of $62,643.80 p.a. with a fourth lettable space estimated to return an additional $8,000.
Land size: 1,009 Square Metres approx.
Castlemaine Suburb Report
A reliable snapshot of the property market in Castlemaine
Property statistics*Data sourced from REIV
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