Built in 1914, the third building ever built by Hutchinson Builders is now up for sale in Canungra.
Originally built by Jack Hutchinson, as Bulimba State School, 29-31 Kidston Street, is a mixed use building with seven office spaces upstairs and a two-bedroom, two-bathroom, residence downstairs.
Ray White Commercial Broadbeach listing agents Thomas Clark and Ryan Langham said the 1086sqm property provided the perfect opportunity for owner occupiers and investors.
“This historic building stands proudly on the corner of Lamington National Park Road and Kidston Street, Canungra, in the very heart of the Scenic Rim,” Mr Langham said.
“It has been meticulously restored and is a beautifully functional and flexible professional space.
“It’s a great location for a professional office building, currently set up as a wellness centre, plus a two-bedroom caretakers residence, in the heart of town with more car parks than you’ll ever need for customers.
“The building is perfectly positioned a moments’ walk from the local shops and cafes, and a short walk from the local school.
“It is perfectly preserved and immaculately presented — buyers will be stunned by its beauty and uniqueness.”
Mr Clark said the property had a potential rental income of approximately $291,720 per annum with the current tenancy mix at 78.5 per cent occupancy.
“Entering via Kidston Street you arrive on the upper floor that contains seven consulting rooms which can be utilised for a myriad of professional uses such as osteopathy, physiotherapy, massage, naturopathy, and similar wellness and healing services, with a large classroom for group activities such as yoga, mediation, conferences, music classes and meetings.
“It also has a very generous reception area, a kitchen, storerooms and toilets.
“The downstairs residence provides an opportunity for someone to live downstairs and manage the commercial space upstairs, include the downstairs residence in the local rental market, or list with Airbnb or similar — accommodation in town is hard to find and would be well received.”