40-42 High Street

Completed in 1863 for the Colonial Bank and being offered for the first time in over 50 years, this prominent 2-Story brick building, designed in Italianate style by renowned architect Leonard Terry, has a commanding street presence and is a landmark to the entrance of Kyneton, offering the astute buyer a unique and rare investment opportunity. Zoned Commercial 1 and set on a generous 1,307 sqm, with an equally generous 26 metre street frontage, in the heart of Kyneton's retail precinct, this impressive building offers a multitude of uses, with a large shop & kitchen space at the front, recently used as a pizza restaurant, accommodation upstairs comprising of 4 bedrooms and a grand living room, and a separate 3 bedroom residence at the rear with 2 kitchens and spacious open plan living. Suitable for any commercial purpose, be it Restaurant, Bed & Breakfast, residential accommodation, retail, hospitality or medical, there are multiple potential income streams on offer, the possibilities are limited only by your imagination! Outside there is plenty of sealed off-street parking & vehicle access, shedding with concrete floor & power, a 5-kilowatt solar system and a laneway at the rear providing further access if required. An outstanding opportunity to own a piece of Kyneton's history featuring an iconic & historic landmark, on a large, centrally located, commercial site with plenty of upside & potential, in popular Kyneton, only one hour from Melbourne.