40-42 Elizabeth StreetNathalia VIC 3638
Property Details for 40-42 Elizabeth St, Nathalia
40-42 Elizabeth St, Nathalia is a 8 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 1635m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 8 bedroom House sold in Nathalia in the last 12 months.
Last Listing description (May 2024)
Introducing a truly unique and grand commercial property, steeped in history and character, situated in the charming country town of Nathalia, Victoria. The former Bank of Victoria, opened in 1891, stands proudly on a 1635m2 corner allotment facing the Murray Valley Highway. Boasting an impressive 8 bedrooms and 2 bathrooms, this commercial zoned 1 property offers endless opportunities for the discerning renovator or developer.
Nathalia is a picturesque town with the serene Broken Creek running through it, and a friendly population of approximately 2,000 residents. Located just 30 minutes from Shepparton, 45 minutes from Echuca, 2.5 hours from Melbourne, and a mere 25 minutes from the Mighty Murray River, this property provides an idyllic setting with convenient access to major hubs.
The ground floor of this historic building features the original bank counter and safe, 2 spacious rooms, and 2 stunning fireplaces with marble mantels. The kitchen, laundry, bathroom, and toilet are all undercover but will require renovation to bring them up to modern standards.
Ascend the grand staircase to the first floor and discover 6 generous rooms, all requiring renovation, plus an additional bathroom. Four of these rooms are adorned with exquisite marble fireplace mantels, adding a touch of elegance and history to the space.
The expansive backyard offers a blank canvas for you to create your own stunning garden oasis, complete with a 6x6m workshop. This property has the potential to be transformed into a luxurious residence, an exclusive Airbnb, a trendy pop-up restaurant, or even a sophisticated wine or whiskey bar.
Don't miss this rare opportunity to acquire a piece of history and create something truly spectacular at 40-42 Elizabeth Street, Nathalia. The possibilities are endless, and the rewards immense.
CLOSING ON THE 25th JANUARY 2024
Property History for 40-42 Elizabeth St, Nathalia, VIC 3638
- 26 Apr 2024Listed for Sale Not Disclosed
- 22 Feb 2024Sold for $551,000
- 21 Dec 2023Listed for Sale EXPRESSIONS OF INTEREST
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About Nathalia 3638
The size of Nathalia is approximately 189.7 square kilometres. It has 5 parks covering nearly 0.3% of total area. The population of Nathalia in 2011 was 1,902 people. By 2016 the population was 1,892 showing a population decline of 0.5% in the area during that time. The predominant age group in Nathalia is 50-59 years. Households in Nathalia are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Nathalia work in a labourer occupation. In 2011, 73.9% of the homes in Nathalia were owner-occupied compared with 74.2% in 2016.
Nathalia has 1,251 properties. Over the last 5 years, Houses in Nathalia have seen a 55.21% increase in median value, while Units have seen a 41.69% increase. As at 30 September 2024:
- The median value for Houses in Nathalia is $331,848 while the median value for Units is $222,039.
- Houses have a median rent of $340 while Units have a median rent of $85.
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