19 Elizabeth Street, Castlemaine - House for Sale… | Jellis Craig

19 Elizabeth Street, Castlemaine


Zoned commercial, this property presents a prosperous opportunity for those on a tight budget to invest now and/or further as finances permit. A whopping 1470m2 (approximately) allotment with an existing dwelling and a 12m x 8m
4 bay shed allows for a variety of options.
In comfortable condition, the cottage offers the choice to live in or rent out. Gas heated and air-conditioned, the lounge is separate to the dine-in kitchen where a gas stove supplies more modern convenience. Serviced by an updated bathroom, three bedrooms allow for accommodation of family or friends. Inspiring a wealth of ideas, a range of residential or commercial possibilities for construction could be considered at this address (Subject To Council Approval, of course). In close proximity to Castlemaine shopping precinct as well as other commercial enterprises, it currently carries an expected annual rental return of approx. $15,000 for residential tenancy. With excellent prospects for resale and/or future development of the site (STCA), this is an exceptional chance to start or expand a profitable portfolio. Alternatively, sitting on a nest egg like this should certainly hatch into a particularly healthy retirement fund!


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