4 McLean Lane, Warrnambool VIC 3280

Being offered for sale separately, these 2 sandstone cottages offer a unique opportunity to secure a CBD property with no heritage overlay and a business zoning that is full of potential.

2 McLeans Lane, set on 404m2, combines a residential rental and parking/storage. Retain the current position and you will return $16,328 PA- with $11,960 being residential and $4,368 from the 6 parking/storage spaces, or given the rarity of CBD locations receive an income while you explore options to maximize the site.

4 McLeans Lane is a 2 bedroom cottage with a long term tenant who is keen to stay on. The cottage itself is in quite original condition and is set on 385m2 which is currently being utilised as paid parking and storage space. Returning $13,389 PA for the residence and $2,919 PA for the 2 storage and 4 parking spaces giving a collective annual return of $16,308.

With both cottages being available for sale, this could offer a variety of opportunities.