Property Details for 10 Bank St, Avenel
10 Bank St, Avenel is a 2 bedroom, 1 bathroom House.
Last Listing description (September 2025)
Versatile Mixed-Use Property with Commercial Shopfront & Private Residence
Rare Dual-Income Opportunity in the Heart of Avenel
This unique property presents an exceptional opportunity to enjoy the charm of a private, garden-surrounded residence while benefiting from the income-generating potential of a fully equipped commercial shopfront all on one title.
Formerly home to the iconic Avenel Meats and currently undergoing a fresh transformation, the commercial space boasts prime Main Street exposure, while the rear of the property features a spacious and private two-bedroom residence, ideal for owner-occupiers, tenants, or additional rental income.
Rear Residence Features:
Two generous bedrooms
Central bathroom
Open-plan kitchen, dining & living area
Separate laundry
Charming front garden with picket fence
Expansive private backyard with established greenery
Commercial Shopfront Includes:
Two cool rooms
Food preparation area with stainless steel fittings
Two storage rooms
Toilet facilities
Two reverse-cycle split systems for year-round comfort
Excellent street frontage and foot traffic
Investment & Lifestyle Flexibility:
Current shop lease returning $13,156 per annum
Potential to lease the rear residence for additional income
Option to live onsite and generate income from the commercial space
Or lease both spaces for a dual-income investment
This is a rare offering in a tightly held township, blending lifestyle, flexibility, and proven investment potential. Whether you're an investor, small business owner, or seeking a live-and-earn setup, this versatile property is one of Avenels most compelling opportunities.
Property History for 10 Bank St, Avenel, VIC 3664
- 25 Jul 2024Listed for Sale $495,000 - $545,000
- 19 Nov 2023Listed for Sale CONTACT AGENT
Recent sales nearby
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0About Avenel 3664
The size of Avenel is approximately 205.7 square kilometres. It has 3 parks covering nearly 0.2% of total area. The population of Avenel in 2016 was 1048 people. By 2021 the population was 1112 showing a population growth of 6.1% in the area during that time. The predominant age group in Avenel is 60-69 years. Households in Avenel are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Avenel work in a managers occupation.In 2021, 82.20% of the homes in Avenel were owner-occupied compared with 78.00% in 2016.
Avenel has 843 properties. Over the last 5 years, Houses in Avenel have seen a 38.16% increase in median value. As at 30 November 2025:
- The median value for Houses in Avenel is $591,616 while the median value for Units is $510,467.
- Houses have a median rent of $440.
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