2-4 Durham Road
East Gresford


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Property Features


Property ID: 2396913

Land Size
1581.00 m2

A unique investment and lifestyle you can bank on!


This is a unique opportunity and not your standard real estate offering! Located at the heart of pretty Gresford village, this substantial 1581sqm block zoned commercial/residential, houses three diverse buildings on one title yet separated for privacy by substantial fencing.
On the corner block sits the former Gresford Bank. Of brick construction and distinctive 1960s styling, this versatile building in excellent condition has also enjoyed a period as a successful B&B and easy conversion would provide an excellent permanent home or gallery/studio. There are two good-size bedrooms each boasting their own neat and clean traditional-style bathroom. A large entrance hall opens to the spacious main room which would make an ideal lounge/dining zone, while the functional kitchen lends itself to an upgrade. The original vault remains as a quirky feature. Glass doors from the hallway open to a large paved rear courtyard with extensive arbour opens.
A set of steps leads up from the courtyard leads to the adjacent home which was once the Bank Manager's residence. The timber and brick home boasts three bedrooms - one queen, two doubles each with built-in robes plus a study or fourth bedroom. A warm and inviting lounge with gas heating, large open plan dining and living zone, all-electric kitchen with ample bench and storage and a good-size family bathroom with vanity, bath, shower and separate toilet all present fabulous renovation potential. The lounge/dining zone opens to a lovely private rear-facing verandah and garden. The property has been well maintained and is currently leased on a periodic basis at $250 per week that could yield an excellent interim income while renovating the Bank building.
The third site contains a small site building fully maintained and currently leased by Telstra until 2016.
With their excellent position and current rental returns coupled with the outstanding renovation potential of the bank and accompanying residence, this versatile property offers an excellent opportunity to reside in a delightful vibrant village environment yet in close proximity to Dungog (30mins) and the Hunter's regional hubs of Maitland (30mins), Singleton (45mins) and Newcastle (1hr). An investment and lifestyle opportunity too good to miss!