Vallard House: A Unique Opportunity in the Heart of Gallery Walk
The iconic Vallard House has been an integral part of the Gallery Walk community for over 26 years, originally serving as one of the pioneering galleries that gave Gallery Walk its renowned name. Tucked away from the bustling activity, the main house offers both privacy and a serene living experience. Formerly a gallery, the property now benefits from the income generated by two shops located at the front and side of the premises, as the owners have retired.
Property Overview
Nestled in the vibrant heart of Gallery Walk, Vallard House offers multiple income streams and versatile options for utilizing the main building. The property includes a fenced yard perfect for pets, and the main house is equipped with extra-wide internal doors, a reception area, and a commercial kitchen. The upstairs features a vast master suite with an ensuite bathroom and a spacious walk-in robe. For added safety and commercial suitability, all doors and the ceiling are fire-rated.
Main House Features
Downstairs:
Large open-plan kitchen and living area opening to the backyard
2 bedrooms and 1 bathroom
Generous entry foyer, formerly the gallery space, now an informal lounge with office
Upstairs:
Huge master bedroom with a seating area and views, ensuite bathroom, and walk-in robe
2 additional bedrooms sharing a bathroom
Informal seating area, currently used as a library, overlooking Gallery Walk
Separate storage room, ideal for a craft room or kids' playroom
The main house exudes a palatial feel with spacious rooms and grand features.
Income-Generating Shops
The property includes a fudge shop at the front, which has been operating for over 25 years and is recognized as a local icon. The converted garage at the side has housed various shops over the years and has always been leased. Combined, the shops generate over $65,000 annually in rental income, with occasional perks like free coffee and fudge from the tenants. Live in the magnificent home yourself or rent it out as a residential home, commercial premises, or Airbnb for extra income. Residential rental income would be around $1000 a week, bringing the yearly income to about $117,000/year, with potential for more.
Zoning and Potential
The property's zoning allows for a multitude of uses, giving you the freedom to maximize its potential for income generation. Whether you choose to run your own business, rent out via Airbnb, or simply enjoy it as a spacious family home, Vallard House offers endless possibilities.
This is a rare chance to own a piece of Gallery Walk's history and secure a property with exceptional potential for both living and income generation. Don't miss out on this unique opportunity!
Disclaimer: We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information.
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