Restored 1940s building offers business opportunities in Young

A beautifully restored two-storey commercial premises in the heart of Young lends itself to a wide variety of business options.

The 1940s-era brick building – once a grand family residence – is highlighted by art deco accents, leadlight windows and cypress timber flooring.

It has also previously been reconfigured as two apartments and was once a premises for patchwork enthusiasts.

It currently houses Gusollio’s Hair & Spa, a popular destination for grooming and beauty treatments.

The building is one block back from Young’s CBD and sits on nearly 527 square metres with a dual street frontage.

Margaret Luff and her daughter Melissa McColl bought the property about three years ago and set about a significant refurbishment.

“The building itself was sound, but we pretty much gutted the interior,” Luff says.

“We shipped out around 20 skips of rubbish and had 13 tradesmen on site for about four weeks.”

Luff says the property was rewired and its wet areas tiled throughout.

“It’s a beautiful property with some great character features,” Luff says.

“The central timber staircase is magnificent and there are three tiled, Edwardian-style open fireplaces.”

The ground floor has been remodelled into an open-plan space with one bathroom, two toilets, a kitchen and office spaces. Upstairs can be used as separate offices or could be returned to living accommodation with three bedrooms, two bathrooms, toilet, kitchen, and dining room, and enclosed balconies.

It also has ducted heating and reverse cycle airconditioning. The gardens are landscaped.

“A leaseback could be considered, but the premises could suit a wide variety of other purposes, like a doctor’s surgery with living accommodation,” Luff says.

“It’s a great location, close to many popular shops and only 100 metres from Woolworths.”

Ray White Young principal David Coombes says the property has been attracting significant local and regional interest from both investors and prospective owners.

“Young is experiencing increased commercial sales and improved returns,” he says.

“The level of local interest in commercial real estate is encouraging and demonstrates business and investor confidence.”

Coombes says commercial leasing vacancy rates in Young’s CBD continue to be low and there is a limited supply of commercial freehold property for sale.

“Number 30 Clarke Street represents a unique opportunity to secure a substantial freehold property,” he says.

The property will be auctioned on June 9 at the Young Services Club at 11am.

Auction: Friday, June 9, 11am, Young Services Club. Agent: David Coombes, Ray White Young, 0417 263 978 

Who’s in the market: Investors and prospective owners from Young and the broader region have expressed interest in the distinct property.