40 Gellibrand Street

Just one block north of Murray Street and offering the convenience of street parking, this well-located freehold property presents a prime opportunity for both commercial enterprises and residential conversion. Currently configured with a welcoming reception area, three private office rooms, and a dedicated side entrance, the layout is ideally suited for a range of professional or business uses. With council approval, the property also holds exciting potential to be transformed into a modern inner-city residence or short-term accommodation such as an Airbnb. It is currently tenanted under a 2x2x2 commercial lease with a weekly rental income of $375 per week inclusive of GST. A covered porch leads to a central entryway, unveiling a flexible floorplan that can be easily customized with built-in joinery to suit specific needs. Freshly painted throughout, the interior also features quality carpets, new blinds, and recently replaced front windows, enhancing the overall presentation. Additional features include a compact kitchenette discreetly located within one of the offices, and a fully renovated bathroom complete with vanity, toilet, and freestanding bath offering added comfort for staff or guests. Year-round comfort is ensured with gas ducted heating, and NBN connectivity is already in place for smooth business operations. Occupying a 165sqm allotment, this adaptable property is the ideal canvas for your next business venture or central lifestyle hub. *All information about the property has been provided to Richardson Real Estate by third parties. Richardson Real Estate has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to this property.