The retail and residential row at 62-66 Cook Street Flinders for sale by Tom Barr Smith and Ruth Williams of Kay & Burton currently generates 4 income streams.
Positioned in the heart of Flinders Village, one of Melbourne's most revered coastal destinations, this significant land holding across four titles is to be offered to the market as a whole or as two outstanding parcels.
The opportunity presents an entire prominent retail and residential 'row' for sale spanning a total 2,100sqm (approx.) in whole or in part, in a location celebrated for its excellent eateries, gourmet produce stores, boutique shops, galleries, antique outlets, famous golf courses and spectacular walks.
Source: Kay & Burton
“This is an iconic and very rare property offering both commercial and residential options,” Tom Barr Smith told LUXURY LIST.
“It currently generates 4 income streams with the possibility of increasing that to 5 and improving the income that is generated substantially. Beautifully maintained and presented, the future owners could move straight in without any further investment required.”
Source: Kay & Burton
Agent Ruth Williams of Kay & Burton told LUXURY LIST, "The current owners have created and enjoyed a unique Flinders lifestyle, with the rare advantage of being able to live at the property while also generating an income from it."
The property parcel may be divided into two parcels encompassing combined lot 64 and 66 Cook St and combined lot 62B and 62C.
Source: Kay & Burton
64 and 66 Cook St incorporates both a fully renovated period home with two bedrooms and two bathrooms and the shop front to Arleston Antiques, totalling 800 sqm (approx).
An additional 800 sqm (approx.) garden block and large studio/workshop are currently on a long-term lease with kitchenette, washroom and storage area.
Source: Kay & Burton
62B and 62C consists of a shop front on a long-term lease to Mendi Moke and a modern north-facing self-contained guest accommodation, currently providing an income stream as a bed and breakfast, while 62C offers a 500 sqm (approx) vacant allotment.
Flinders Village is located approximately an hour's drive from Melbourne on the southwestern tip of the Mornington.
Source: Kay & Burton
To arrange a private inspection or enquire about a price guide phone or email Tom Barr Smith of Kay & Burton or Ruth Williams of Kay & Burton via the contact form below.
To view the listing or for more information click here.
See more luxury Victorian real estate:
Kay & Burton sold private Brighton oasis with a cocktail