Prominent Historical Building & Property
With Regional Victoria booming this site offers a golden opportunity.
"Lamartine" 87 Napier Street, St Arnaud
Lamartine is prominently positioned in the heart of St Arnaud. Formerly the Manchester Arms Hotel, Lamartine is an historic building circa 1907. The property has undergone extensive renovations in recent years and retains many period features and all of its charm. No heritage overlay to restrict development.
Set on approximately 1164.8m2 of Commercial 1 Zoned land this is a unique property that currently features a large double storey hotel, shop (27.3m2), proposed art sudio & gallery (68.6m2) plus large gardens (860m2).
This opportunity afford numerous possibilities for the savvy home seeker or developer wanting to create a very special blueprint for success. Huge upside, potentially lease out shops with passive income whilst creating your vision.
Lamartine has a vast floor plan with excellent size rooms. The 2nd storey is currently configured to include 2 apartments, 8 hotel rooms, lounge room, shared bathrooms and has already been fitted with hard-wired smoke alarms and an existing compliant fire escape.
Use the current commercial facilities to create your own establishment, further develop (STCA) or totally reimagine this beautiful property into something entirely different - the possibilities here are endless!
Could this be your dream home in the centre of town or have you another vision?
Contact Phil Mammolito on 0438 371 094 to arrange your inspection