For Sale

59 Whyte St, Coleraine, VIC, 3315

Investment Opportunity Grand Bank Building with Dual Income Potential

House

Type

Bedrooms

Bathrooms

Parkings

Published on Tuesday, March 03, 2026 ( See property details for 59 Whyte St, Coleraine, VIC, 3315)

Jo Frost - Real Estate Agent - Elders Real Estate Hamilton - HAMILTON

Jo Frost Licensed Estate Agent

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Rosi Egerton - Real Estate Agent - Elders Real Estate Hamilton - HAMILTON

Rosi Egerton Licensed Estate Agent

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Dion McFarlane - Real Estate Agent - Elders Real Estate Hamilton - HAMILTON

Dion McFarlane Licensed Estate Agent

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A historic brick bank building with secure commercial lease, versatile residential space, and strong future investment potential in Coleraine VIC.

🏡 Property Highlights

Long-term secure commercial lease to an established banking tenant
Historic brick bank building with striking façade and classic architectural detailing
Residential upstairs and rear offering additional rental income or owner-occupation potential
Private balcony and garage enhancing lifestyle and versatility
Solid, character-filled construction reflecting permanence and stature
Dual-income potential combining commercial and residential streams

✨ Key Features

Garage
Outdoor Area
Built-in Robes
Open-Plan Living
Balcony
Security Screens / Gates
Fly Screens
NBN / High-Speed Ready
Extra Storage (Shed/Linen)
Waterfront / Views

Suburb and Property Insights of Coleraine, VIC 3315

Coleraine is a charming rural town offering a peaceful lifestyle with strong community ties. It features a rich history, scenic landscapes, and convenient access to regional amenities. The area is ideal for those seeking a relaxed environment with investment potential. Key points include: historic character, scenic surroundings, strong local community, strategic regional location, and growth opportunities.

Frequently Asked Questions

What is the current condition of the building and its historical features?

The building is well-maintained with solid brick construction and classic architectural detailing, reflecting its historic character and stature.

What are the terms of the existing commercial lease?

The ground floor is securely leased to an established banking tenant under a long-term lease agreement, providing reliable income.

Can the residential space be owner-occupied or renovated?

Yes, the upstairs and rear residential accommodation offers potential for owner-occupation or rental, with private balcony and garage enhancing its appeal.

Are there any planning or zoning restrictions for future development?

Potential buyers should consult local council regulations to confirm any zoning or development restrictions applicable to the property.

What are the ongoing costs associated with the property?

Ongoing costs may include maintenance, council rates, insurance, and any applicable strata or body corporate fees, if relevant.

What to ask about this property to agent?

Are there any hidden costs or upcoming maintenance requirements for the building? Has the property been assessed for any zoning or planning restrictions that could affect future use? Are there any easements, covenants, or restrictions on the property? What is the history of the building's structural integrity and any past repairs? Are there any flood, bushfire, or environmental risks in the area? Is the current lease agreement with the bank compliant with all regulations? Are there any planned developments or construction nearby that could impact the property? What are the terms and conditions of the existing lease, and when does it expire? Are there any strata or body corporate considerations if applicable? What are the potential costs for future renovations or upgrades to the residential component?

59 Whyte St, Coleraine, VIC, 3315 - More Details

Investment Opportunity Grand Bank Building with Dual Income Potential

Type: House
Bedrooms: 2
Bathrooms: 1
Parkings: 1

Interactive Property Floorplan - 59 Whyte St, Coleraine, VIC, 3315

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59 Whyte St, Coleraine, VIC, 3315 - Point Of Interest

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Your Commute at a Glance: 59 Whyte St, Coleraine, VIC, 3315

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Jo Frost

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Rosi Egerton

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Dion McFarlane

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59 Whyte St, Coleraine, VIC, 3315

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