105 Lexton Street, Lake Wendouree VIC 3350

105 Lexton St in the highly coveted location of Lake Wendouree is quite simply a unique opportunity indeed.

Sitting on approximately 1230m2 and currently leased on a commercial basis.

In use as a Supported Residential Care Facility (Browen Lee Home) accommodating 12 guests on an annual rental return of $42.820.00 makes this a compelling consideration for investors, SMSF managers and or developers (STCA)

The property itself is a grand 1930s style bungalow with return verandah to the front and comprises 5 bedrooms, kitchen, 2 bathrooms and living room and at the rear a further unit complex accommodating 7 guests.

The current tenant is keen to extend her lease beyond the existing agreement and as per commercial lease conditions is responsible for all outgoings.

This location is prime Ballarat real estate and offers sound capital growth potential.

Inspections are strictly by appointment and given the current covid situation all potential buyers must have a double vax certificate to enter the premises.

For more information please call. Don Hanlon PRD.