59 Whyte StreetColeraine VIC 3315
Property Details for 59 Whyte St, Coleraine
59 Whyte St, Coleraine is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 936m2 and floor size of 125m2.This Property is currently listed for sale with Elders Real Estate Hamilton
Last Listing description (March 2026)
Exceptional opportunity to secure a historic brick bank building offering immediate income and future flexibility.
Prominently positioned and rich in character, this substantial property combines a long-term commercial lease to a banking institution on the ground floor with residential accommodation upstairs and to the rear creating multiple income streams under one roof.
With a striking faade, solid brick construction and classic architectural detailing this lovely building reflects the stature and permanence rarely found in today's market.
The ground floor is securely leased to an established banking tenant, providing reliable returns and peace of mind for investors.
Typical of a modern bank downstairs has an air conditioned service area, offices, tea room, and staff bathroom.
Upstairs and at the rear, a spacious residence offers excellent rental potential or the option for owner-occupation. Complete with private balcony and garage, the residential component adds significant versatility and long-term value.
Property Highlights:
Grand brick bank building with strong street presence
Long-term bank lease in place (secure commercial income)
Upstairs and rear residential accommodation
Residential rental opportunity for additional income
Private balcony
Garage
Solid, character-filled construction
Dual-income potential
Whether you're seeking a commercial investment, a diversified income stream, or a landmark addition to your portfolio, this rare offering delivers security, scale, and future upside, enquire today.
Property History for 59 Whyte St, Coleraine, VIC 3315
- 02 Mar 2026Listed for Sale $380,000 to $395,000
- 11 Oct 2019Listed for Sale Not Disclosed
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0About Coleraine 3315
The size of Coleraine is approximately 173.5 square kilometres. There are 10 parks, covering nearly 0.8% of the total area. The population of Coleraine in 2016 was 1029 people. By 2021 the population was 1062 showing a population growth of 3.2% in the area during that time. The predominant age group in Coleraine is 60-69 years. Households in Coleraine are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Coleraine work in a managers occupation.In 2021, 80.20% of the homes in Coleraine were owner-occupied compared with 77.50% in 2016.
Coleraine has 827 properties. Over the last 5 years, Houses in Coleraine have seen a 71.16% increase in median value. As at 30 April 2026:
- The median value for Houses in Coleraine is $294,590 while the median value for Units is $374,885.
- Houses have a median rent of $215.
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