6/4-6 Banyan Street

Warrnambool VIC 3280

Dual Key - live in one and let the other pay the mortgage! In the most sought after, prime location within the thriving seaside destination of Warrnambool, is this versatile apartment offering several options to a lucky purchaser. A short stroll from either the beach or the CBD, this property offers the perfect answer if you are looking for a permanent living lifestyle, holiday home, or proven viable accommodation business, or a combination of these. This is the first time the property has been offered for sale in over a decade, in which time it has been successfully run as holiday accommodation under the banner of "Banyan Place". This business - its name, phone number, extensive client list and all intellectual property - can potentially be included with this sale, offering immense and tangible added value. This property - apartment 6 - has 3 bedrooms and 2 bathrooms in total, and is set up with an interlocking door to create 2 separate apartments being 6 and 6A, which can be let out and/or occupied either together or independently. Downstairs is a spacious one-bedroom apartment with full kitchen, lounge, second sitting area or makeshift bedroom, while upstairs has two bedrooms, fully renovated bathroom and new kitchenette, living room, and includes the single garage. Both apartments individually return in the vicinity of $50,000 - $60,000 gross per year, and these figures can be verified by the current owner. You could enjoy central living within the beach proximity downstairs while running your own little accommodation business upstairs, or have it all to yourselves, or rent it all out, or combine it for holiday use and holiday rental - your choice!

Disclaimer:
For Statement Of Information & Due Diligence please head to our website at www.wilsonswarrnambool.com.au. All measurements & boundary indications are correct to the best of our knowledge, as provided by property owners and external websites. Please complete due diligence to confirm.