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  • 107 Otho Street, INVERELL, NSW 2360

107 Otho Street, Inverell, NSW 2360

  • 4 Bed
  • 1 Bath
  • 2garages

For Sale

750,000 + GST

Iconic 1913 Building

Positioned proudly on Inverell's main street, this grand property offers a rare opportunity to secure one of the town's historic buildings, originally built in 1913 as the Government Savings Bank, this two-storey property offers the flexability for commercial & residential use. Ground floor & main commercial space offers large open reception area, 3 office spaces, the origional bank vault & small tea room plus evaporative air conditioning. The rear section of the lower floor has kitchen/dining area, spacious living area, laundry & amendities plus numerous access points to the building allows the residence & commercial areas to remain private & separate. The upper level provides 4 bedrooms, tidy bathroom, huge front balcony overlooking Otho Street & rear sunroom. Outside continues to impress with ample parking, lockable 8 x 5 shed with power & attached skillion, outdoor toilet block & covered access area to the building. Property highlights include solid brick construction, high pressed metal ceilings, cedar skirting boards, origional fireplaces, stained glass windows, brass double entry doors & 8kw solar system. Currently business/owner occupied by Strategy Security, options to have vacant possession or discuss other lease terms, making it ideal for investors or owner-occupiers seeking a prime spot within a iconic building. Situated on a 602sqm block, the property has rear & front access plus a very commanding street presence, located in close proximidity to the Inverell shire council building, police station, court house & government office block. Zoned: E2 commercial centre, business not for sale.

Raine & Horne Inverell has made every effort to ensure the accuracy of the information provided. However, no warranty is given, and interested parties must rely on their own enquiries. This material does not constitute legal, financial, or professional advice. Information is subject to change without notice. Images and descriptions are for marketing purposes only and may not accurately depict the current state of the property. The agent and vendor disclaim all liability for any loss or damage arising from reliance on the information provided.

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avatar Dave McMahon
Dave McMahon
Principal/Sales Agent

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Property Info:
  • Property ID: L35668090
  • Property Type:Other
  • Garages:2
  • Land Area:602 sqm
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R&H Suburb Profile: Inverell
R&H Suburb SummaryHouses
Number of sales273
Average Price$464,551
Median Price$395,000
Median Rental Price$395 p.w.
Change in Rental Rate (5yr)27 %
R&H Suburb SummaryUnits
Number of sales6
Average Price$279,667
Median Price$227,500
Median Rental Price$300 p.w.
Change in Rental Rate (5yr)43 %
Median Trend - $395,000
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