Unique Investment Opportunity - 3 Bedroom House + Four 2 Bedroom Units

Presenting an extraordinary real estate opportunity in the envied Geelong West market offering five dwellings occupying a huge 997m2 (approx.) allotment. Comprising a three-bedroom character home, plus four two-bedroom units, this is a rare and unique property that will no doubt capture the attention of the savvy investor. Market rental return per annum of $86,060. Superbly situated within walking distance of Pakington Street, the Waterfront, public transport, and only 5 minutes (approx.) from the CBD and Ring Road, this location offers outstanding accessibility and lifestyle.<br/><br/>The main house is a well-presented Californian Bungalow featuring three generous bedrooms, polished timber floorboards, original character detail including leadlight windows and brick mantel, central kitchen and meals area with walk-in pantry, second living, north-facing sunroom, and single lock-up garage with direct internal entry.<br/><br/>Four units at the rear comprise two bedrooms, open kitchen/living, central bathroom and separate laundry, offering low-maintenance living and modern finishes. All units feature polished timber floorboards, split systems and off-street parking spaces available.<br/><br/>A wonderful location, you have all the shopping, cafes, restaurants and boutique stores of Pakington street, just a short stroll away, walk to playgrounds, reserves, Geelong Golf Club and City of Geelong Bowls Club, North Geelong Station, Western Beach and the Waterfront, 5 minutes (approx.) from the city and 7 minutes (approx.) from GMHBA Stadium, this is a great location for both short-stay and long-term rentals.<br/><br/>Offering a multitude of opportunities to the right buyer, to either live in the main home and offset the mortgage with the rental income, offer all five properties for long or short term rental, a future development site (STCA) in a fantastic central location, or use the generous land to build your dream home (STCA). The options are endless!<br/><br/>You won’t find another one of these on the market, don’t miss your chance to secure this exceptional property!