$1,200,000

Three Shops in the Heart of Castlemaine with Rear Development Potential

This is an exceptional opportunity to secure three adjoining shops in the vibrant heart of Castlemaine’s bustling business district. An additional ‘X-factor’ lies in the rear, north facing parcel of land – calling for an inspired ‘inner town’ residential development (STCA).

The shops have been recently repainted internally and externally and feature a wide, welcoming front veranda, providing fabulous street appeal.

Currently, two of the shops are tenanted, while the third is attracting excellent applications—creating multiple opportunities for investors and business owners.

Details as follows:

The current lease for 60 Hargraves Street expires on 31.03.25 There is an option for 1 further year The annual rent is $22,474.32 INC GST

The current lease for 62 Hargraves Street expires on 30.09.2026 1 x 3 year option Current rent is $23,816.52 INC GST

Flexible Opportunities

Options for these shops are versatile: continue to lease the two existing shops while setting up your own business in the third or lease all three for maximum income potential. With their high-exposure street frontage and adaptable floorplan, these spaces are ideal for a variety of uses, including retail, consulting rooms, offices or service-based businesses.

With Melbourne Pathology leasing the middle shop, this location enjoys consistent foot traffic and excellent street parking directly out the front.

Each shop offers approximately 50sqm of functional space, with a spacious front foyer, a side passage leading to two private offices/consulting rooms and a rear section with a small storage area, kitchenette and bathroom facilities.

Modern Comfort with Year-Round Appeal

Split-system heating and cooling ensure year-round climate control, creating a comfortable environment for staff, clients, or customers. At the rear of the property, a small, concreted area adds functionality and access via a back door.

Beyond this lies a large, underutilised parcel of vacant land with side lane access—offering exciting development opportunities (subject to council approval). Inspired by nearby architectural designs, this space could become a stylish inner-town residence or further commercial development.

A Lifestyle & Business Opportunity

Located within walking distance to many of Castlemaine’s key attractions—including the Theatre Royal, Love Shack for after-work drinks, local supermarkets and boutique shops—this property combines lifestyle appeal with a versatile business opportunity.

Whether you’re an investor seeking steady returns, a business owner looking to establish your presence or a developer inspired by the possibilities, this is a rare and exciting opportunity to secure a well-positioned property in one of Castlemaine’s most sought-after locations.

** We have obtained all information in this document from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.