Lake Wendouree 105 Lexton Street
Lexton Street Is About Location
105 Lexton St in the highly coveted location of Lake Wendouree is quite simply a unique opportunity indeed.
Sitting on approximately 1230m2 and currently leased on a commercial basis.
In use as a Supported Residential Care Facility (Browen Lee Home) accommodating 12 guests on an annual rental return of $42.820.00 makes this a compelling consideration for investors, SMSF managers and or developers (STCA)
The property itself is a grand 1930s style bungalow with return verandah to the front and comprises 5 bedrooms, kitchen, 2 bathrooms and living room and at the rear a further unit complex accommodating 7 guests.
The current tenant is keen to extend her lease beyond the existing agreement and as per commercial lease conditions is responsible for all outgoings.
This location is prime Ballarat real estate and offers sound capital growth potential.
Inspections are strictly by appointment and given the current covid situation all potential buyers must have a double vax certificate to enter the premises.
For more information please call. Don Hanlon PRD.
Property Information
- Land area approx 1230sqm
- Floor area approx 372sqm
Get to know Lake Wendouree
Lake Wendouree is a suburb of Ballarat, located west of the Ballarat CBD. Lake Wendouree is Ballarat's most prestigious address and home to many of the city's wealthiest residents. A wander of the suburb will encompass jaw-dropping historic and contemporary homes, alongside equally luxurious apartment living.