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86 Bell Street, Penshurst, Vic 3289 For Sale
86 Bell Street, Penshurst, Vic 3289 86 Bell Street, Penshurst, Vic 3289-Image 86 Bell Street, Penshurst, Vic 3289-Image 86 Bell Street, Penshurst, Vic 3289-Image 86 Bell Street, Penshurst, Vic 3289-Image 86 Bell Street, Penshurst, Vic 3289-Image 86 Bell Street, Penshurst, Vic 3289-Image 86 Bell Street, Penshurst, Vic 3289-Image 86 Bell Street, Penshurst, Vic 3289-Image 86 Bell Street, Penshurst, Vic 3289-Image 86 Bell Street, Penshurst, Vic 3289-Image 86 Bell Street, Penshurst, Vic 3289-Image 86 Bell Street, Penshurst, Vic 3289-Image 86 Bell Street, Penshurst, Vic 3289-Image 86 Bell Street, Penshurst, Vic 3289-Floorplan

86 Bell Street, Penshurst, Vic 3289

Auction

House
Type
3
Bedrooms
1
Bathrooms
733 m²
Area

Published on Wednesday, August 12, 2026 ( See property details for 86 Bell Street, Penshurst, Vic 3289)

Auction

Auction Tuesday 1 September at 11:00 am | View All

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

A rare opportunity to acquire a well-established commercial freehold with a residential component in the thriving township of Penshurst, Victoria.

🏡 Property Highlights

  • Established commercial freehold investment with long-standing tenant
  • Leased operation as the popular Penshurst Milk Bar
  • Includes a comfortable three-bedroom residence
  • Strong rental return with secure lease in place
  • Prime location in the heart of Penshurst, Victoria
  • Close proximity to major attractions like the Great Ocean Road and Grampians National Park

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Waterfront / Views
  • Secure Parking
  • Outdoor Area
  • Fully Fenced
  • Water Tank
  • High energy efficiency
  • Floorboards
  • Alarm system
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86 Bell Street
Penshurst, VIC 3289
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Vertical aerial view — 86 Bell Street
86 Bell Street — Vertical Aerial  •  Penshurst, VIC 3289  •  Nearmap © 2026

Penshurst is a charming rural township in Victoria's South West, renowned for its strong community spirit and local trade. The area offers easy access to major attractions like the Great Ocean Road and Grampians National Park, making it ideal for both residents and visitors. With essential services, healthcare, and shopping available in nearby Hamilton, Penshurst provides a peaceful yet connected lifestyle. The region benefits from consistent regional trade, supporting local businesses and investments. Its strategic location ensures ongoing growth and opportunity for investors and residents alike.

What is the current lease term and rental income for the property?
The property is currently leased with a secure lease in place, providing a reliable rental income. Specific lease details and financial information are available upon request.
Are there any zoning restrictions or planning permits required for future development?
Zoning and planning regulations are specific to the area and should be confirmed with local council to ensure compliance for any future development or modifications.
What are the maintenance and operational costs associated with the property?
Maintenance and operational costs vary; detailed financial information can be provided upon request to assist in assessing the investment.
Is there any history of flooding or bushfire risk in the area?
Penshurst is a rural township with typical regional risks. It is advisable to consult local hazard maps and council reports for detailed flood and bushfire risk assessments.
Are there any upcoming planning or infrastructure projects in the vicinity?
Potential planning or infrastructure developments should be verified with the local council to understand their impact on the property and area.
Are there any hidden costs or fees associated with the property purchase, such as strata or body corporate fees? Has the property been inspected for structural defects or pest issues? Are there any easements, covenants, or restrictions affecting the property? Is the property compliant with all local building codes and regulations? What is the history of the property's maintenance and any recent renovations? Are there any planned developments or zoning changes in the area that could impact the property's value? Is there any history of flooding, bushfire risk, or other environmental hazards? Are there any existing or pending legal disputes related to the property? What are the terms of the lease agreement for the commercial operation and the residence? Are there any restrictions on the use or modifications of the property?

86 Bell Street, Penshurst, Vic 3289 - More Details

Auction

Auction Location: on site

Positioned in the heart of the thriving country township of Penshurst, this is an outstanding opportunity to secure a well-established commercial freehold investment, offered for sale by Auction.

The property is currently leased and operating as the Penshurst Milk Bar—a long-standing local business providing takeaway meals, newspapers, convenience groceries and everyday essentials to the community. Also included is a comfortable three-bedroom residence, leased as part of the tenancy.

With a secure lease already in place and a strong rental return, this is an ideal investment for those seeking reliable regional income. Lease details and financial information are available upon request.

Penshurst is perfectly positioned in the heart of Victoria's renowned South West, offering easy access to some of the state's most popular destinations. Located approximately 50 minutes from Warrnambool and the Great Ocean Road, 40 minutes from Port Fairy, 30 minutes from the Grampians National Park, and just 25 minutes from Hamilton for major shopping, healthcare and essential services, the township continues to benefit from both local trade and passing visitors.

Auction
***Unless Sold Prior***
Tuesday, 1 September 2026 at 11:00am on site
Type
House
Bedrooms
3
Bathrooms
1
Area
733 m²
House Size
200 m²

Price guide

View Statement Of Information

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Auctions

  • 86 Bell Street, Penshurst, Vic 3289

    Tuesday 1 September
    11:00 am
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