40-42 High Street
Kyneton, VIC 3444

Completed in 1863 for the Colonial Bank and offered for the first time in over 50 years, this prominent two-story brick building is a significant landmark at the entrance of Kyneton. Designed in the Italianate style by the renowned architect Leonard Terry, it commands a strong street presence and offers a unique investment opportunity for discerning buyers.

The property is zoned Commercial 1 and occupies a generous 1,307 square meters with an impressive 26-meter street frontage, situated in the heart of Kyneton's retail precinct. The building provides versatile usage options, featuring a large shop and kitchen space at the front, which was recently operated as a pizza restaurant. Upstairs accommodation includes four bedrooms and a grand living room, while a separate three-bedroom residence at the rear offers two kitchens and spacious open-plan living areas.

This property is suitable for a wide range of commercial purposes including restaurant, bed and breakfast, residential accommodation, retail, hospitality, or medical uses. Multiple potential income streams are available, limited only by the buyer's imagination.

Externally, there is ample sealed off-street parking and vehicle access, a shed with a concrete floor and power supply, a 5-kilowatt solar system, and a laneway at the rear providing additional access if required.

This is an outstanding opportunity to own a piece of Kyneton's history, featuring an iconic and historic landmark on a large, centrally located commercial site with significant upside and potential. The property is located in popular Kyneton, just one hour from Melbourne, making it an attractive proposition for investors and business operators alike.