125 Gilbert Street

Perfectly located on Latrobe's main street, this unique property presents a rare opportunity to secure a dual-income investment combining a charming commercial shopfront and a seperate two-bedroom residence. Shopfront Features: * Currently tenanted until mid-2026 at $350/week, the front retail space offers great street exposure and flexibility for a range of business uses.(Note: rent increase to $375 p/w 1st May) * Historic building with good street appeal and visibility * Large display window and front counter area * Timber flooring * Storage space * Separate toilet * Newly installed hot water cylinder * Seperate side yard of 14m x 5m offers street front access (potential for various uses and possible for increased income stream) Residence Features: * Privately accessed via Kings Lane, the home is also tenanted until March 2026 at $450/week. (Note: rent increase to $460 p/w 22nd March) Blending modern updates with charming original features, it provides a warm and inviting living environment in close proximity to all that Latrobe's main street offers. * Open plan kitchen, living, and dining with Daikin heat pump, block out roller blinds and ample natural light. * Two generous bedrooms, one with a feature (non-working) fireplace. * High ceilings, original timber door trim and high baseboards * Spacious, modern bathroom with shower over spa bath, heated towel rail and toilet * Additional playroom/office connecting old and new sections of the home * Separate laundry with second toilet * Low-maintenance, fenced yard with paved patio * Private, additional courtyard * Detached Colour-bond garage (approx. 10m x 4m) NOTE: The property was originally configured as a combined commercial and residential space with the living area at the rear of the building. A dividing wall currently separates the two spaces, however, it remains easily accessible and could be reopened with minimal structural work. This presents an ideal opportunity for an owner-operator seeking to establish a business at the front while enjoying the convenience of on-site living all in a central and sought-after Latrobe location. Whether you're looking to invest or explore future potential for a live-and-work setup, this property offers excellent value and versatility in a thriving township. Contact Colin on 0408 666 301 to organise your private inspection. Disclaimer: We have obtained all information in this document from sources we believe to be reliable; However we cannot guarantee its accuracy and no warranty or representation is given or made as to the correctness of information supplied and neither the Vendors or their Agent can accept responsibility for error or omissions. Prospective Purchasers are advised to carry out their own investigations. All inclusions and exclusions must be confirmed in the Contract of Sale.