Lot 1 /20 Howe Street, Daylesford 3460

$1,635,000
6 4

THE MAYFAIR

PRICE REDUCTION
THE MAYFAIR is a circa 1868 Grand Building with Victorian interiors featuring Baltic pine floors, leadlight windows, and pressed metal ceilings. Here is a rare opportunity to purchase a gem of a building on around a 365m2 block. This property is in the newly reformed Howe Street precinct, only 150 meters from the center of Daylesford Village. Recently painted, with new furnishings, new hot water units, and new central heating downstairs, this property presents the astute investor or someone wanting a grand residence with an opportunity to secure an iconic piece of Daylesford’s history.
With 5 bedrooms, 4 bathrooms, formal dining room, fully equipped kitchen, upstairs lounge area, and a sitting area with an additional full self-contained studio unit, all currently run as a popular holiday rental, with the flexibility to rent the entire property out or utilize the two separate dwellings (The Cottage) for increased revenue, plus 2 commercial tenancy at street level.

The building would easily convert to a grand residence, terrific gallery, and wine bar or continue as prestigious accommodation. Currently showing a gross income last year of around $82,000 with a net return of $54,000 after costs [excluding the street-level shops]-
Enjoy your morning coffee or afternoon aperitif on the stunning private veranda, which offers impressive views across Daylesford and beyond.

• Original C1868 prominent building with Victorian interiors
• 5 bedrooms and 4 bathrooms
• Additional full self-contained studio unit
• Formal dining room, fully equipped kitchen, lounge area & sitting area
• 2 street-level shops
• Net return around $54,000 last year [excluding street-level shops]

***OPEN FOR INSPECTIONS ARE BACK FOR FULLY VACCINATED PERSONS*****
IF YOU ARE NOT FULLY VACCINATED OR DO NOT WISH TO DISCLOSE YOUR STATUS, WE CAN ARRANGE A PRIVATE OR VIRTUAL INSPECTION.
FOR MORE DETAILS OR TO MAKE A BOOKING PLEASE CONTACT THE AGENT DIRECTLY.

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