Exceptional Retail & Accommodation Investment with potential 8.8% return in the Heart of Millthorpe

Whether you’re an aspiring entrepreneur looking to launch your dream business or an investor seeking an income-generating property in a sought-after location, this offering has it all. With a landmark retail building and two stunning B&Bs, this is your chance to own a slice of Millthorpe’s history while building a business and lifestyle that’s second to none.

Nestled in the heart of Millthorpe on renowned Pym Street, the property is currently home to the well-regarded “PYM23” B&Bs and “Millthorpe Blue” fashion and homewares boutique. The area boasts a vibrant mix of boutique shops, cellar doors, and renowned dining destinations like Tonic restaurant, The Providore, and Old Mill Cafés.

Retail Space:
A spacious, stylishly renovated shop featuring an outstanding street frontage and curb appeal, versatile open-plan layout with multiple storerooms, updated bathroom, toilet, and kitchen with stove, fitting rooms and a large deck, ideal for a variety of retail or hospitality ventures. This retail space would return approximately $23,000 pa.

Two Established B&Bs:
The Cottage: A charming retreat with two queen bedrooms, a fully equipped kitchen, spacious lounge/dining area, and modern bathroom
The Studio: A fully self-contained sanctuary featuring a queen bedroom, kitchenette, and stylish bathroom.
Both properties were beautifully renovated in 2017, set amidst a delightful cottage garden, and come equipped with reverse-cycle air conditioning, NBN connectivity, and the option to purchase fully furnished. Two off-street parking spaces, with ample street parking available nearby. The 2 BnB’s return collectively $70,000 per year

Disclaimer: We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.

Property ID: 1351137