18 Stubbs St, Lake Grace is a 5 bedroom, 2 bathroom House with 1 parking spaces and was built in 1930. The property has a land size of 1058m2 and floor size of 328m2. While the property is not currently for sale or for rent, it was last sold in November 2020.
If you are looking for a large home (300m2 approx.) on a large 1057m2 block, that has recently been renovated, and has a business and home opportunity, then this centrally located brick and iron building could be what you are looking for. Formerly a Bank, this property has been substantially renovated to replicate it's former appeal and old world charm. The property features high ceilings and beautiful wide polished timber floors. The renovation has seen the former bank space and former managers residence combined to create a seamless area, which could be used as a large residence and/or a variety of commercial options.The property features 3 large bedrooms with built in robes, 2 bathrooms and 2 toilets, kitchen complete with walk in pantry and sink, a formal dining room, air conditioned lounge, office (which could be a 4th bedroom) and a large open area which would make a great work space/ reception area/living area/hobby area or games room. There is a lockable strong room with a large safe for security.The property has previously gained local government development approval for "short term accommodation" to accommodate a maximum of 6 guests, and a "reception centre" permitted to accommodate a maximum of fifty (50) people. Although the development application has lapsed, the potential to comply with the outstanding development requirements still remains and could be re-applied for. The double toilet block at the rear of the property is connected to sewer, electricity and scheme water and could be renovated to be part of future development.This property offers plenty of potential for a business (i.e. Draftsman, Rural Valuer, Farm Management Consultant, Artist etc) to operate from the old bank teller space and managers office with still plenty of space for you and the family. The property is just minutes walk to all of the town facilities including grocer; butcher; hairdresser; clothing shop; pharmacy; 2 cafe's; hotel; hardware; bank; post office; school; play group; day care; sporting ovals; pool etc.Make no mistake, this property is genuinely on the market and the purchase price includes all furnishings seen in the photographs. There is nothing for you to do, just move in and enjoy!Price $300,000 to $315,000
The size of Lake Grace is approximately 96.2 square kilometres. It has 5 parks covering nearly 1.1% of total area. The population of Lake Grace in 2011 was 496 people. By 2016 the population was 550 showing a population growth of 10.9% in the area during that time. The predominant age group in Lake Grace is 0-9 years. Households in Lake Grace are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Lake Grace work in a trades occupation. In 2011, 53.1% of the homes in Lake Grace were owner-occupied compared with 61.1% in 2016.
Lake Grace has 468 properties. Over the last 5 years, Houses in Lake Grace have seen a 95.47% increase in median value, while Units have seen a -27.14% decrease. As at 30 November 2024:
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