Positioned in the busiest section of the main street of Gloucester, this exceptional commercial and residential property offers a solid investment opportunity in a prime location.
The ground floor features a professional office space, currently leased as one tenancy but designed to be easily divided into three separate suites if desired. A lockable walk-through area provides easy access for opening this space to other tenants in the future. It also includes a toilet and handbasin powder room.
Upstairs, two fully furnished 2-bedroom units provide comfortable living, each with their own private access from the front and rear of the building. The historic nature of the building means lovely high ceilings and character features. Unit 1 enjoys views to the iconic Bucketts Mountain Range which oversees Gloucester.
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The size of Gloucester is approximately 58.3 square kilometres. There are 13 parks, covering nearly 1.3% of the total area. The population of Gloucester in 2016 was 2975 people. By 2021 the population was 3133 showing a population growth of 5.3% in the area during that time. The predominant age group in Gloucester is 60-69 years. Households in Gloucester are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Gloucester work in a trades occupation.In 2021, 70.90% of the homes in Gloucester were owner-occupied compared with 66.90% in 2016.
Gloucester has 2,090 properties. Over the last 5 years, Houses in Gloucester have seen a 66.66% increase in median value, while Units have seen a 19.42% increase. As at 30 April 2026:
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