1 Johnstone Street

Castlemaine VIC 3450

Endless Options
This versatile property offers a range of pathways for the astute buyer. Continue operating all four apartments as short-stay accommodation and enjoy strong, consistent returns. Alternatively, pivot to long-term leasing for stable passive income with minimal turnover. For those seeking a lifestyle shift, move into one apartment and let the remaining three generate incomeideal for semi-retirement, multi-generational living, or a live-and-earn model.

The Apartments
Set amongst established gardens and native greenery, each apartment offers a peaceful retreat with generous proportions and thoughtful design:

Three x 3-bedroom apartments, each featuring expansive open-plan living, kitchen, and dining zones, two bathrooms, and excellent natural light and flow
One x 4-bedroom apartment, ideal for families or group bookings, with three bathrooms, flexible layout, and elevated outlooks.

All four apartments are well-appointed and designed for comfort, with full kitchens, private entries, and contemporary finishes. Each unit includes a double garage plus an additional carport, providing secure parking and added convenience for guests or long-stay tenants.

The interiors are light-filled and inviting, with sun-drenched balconies, gas log fires, and leafy outlooks that enhance the sense of retreat. Kitchens blend heritage charm with modern functionalityincluding premium appliances like Falcon cookerswhile living areas are styled for relaxation, complete with smart TVs, Wi-Fi, and curated furnishings.

The property can be sold fully furnished or unfurnished, offering flexibility for investors seeking a turnkey solution or owner-occupiers looking to customise.

Investment Highlights
Can be professionally managed with strong occupancy and repeat guest history
Zoned residential with potential for uplift, and long-term leasing
Secure off-street parking for all units
Low-maintenance landscaping and infrastructure
Walkable to Castlemaines cultural, culinary, and transport hubs

Lifestyle & Location
Johnstone Street offers excellent access to Castlemaines commercial and arts precinct, with strong appeal for tourists, professionals, and lifestyle seekers. The propertys layout and zoning support a range of future usesfrom continued short-stay operation to multi-generational living or strategic redevelopment.

Whether you're seeking a high-yield investment, a lifestyle asset with income, or a foothold in a tightly held regional market, 6 Johnstone Street delivers.

Inspections by appointment. Financials available on request.

DISCLAIMER While proudly assisting home owners to sell since 1999, No Agent Property takes every care to verify the accuracy of the details in this advertisement, but the correctness cannot be guaranteed.