401 Warrenheip Street Buninyong VIC 3357

An exceptional investment opportunity awaits with the sale of the iconic Red Door Building, a landmark property in the heart of Buninyong's thriving commercial precinct. This heritage-listed building, originally constructed in the 1860s as a grocer and farm produce store, stands as a testament to Buninyong's rich history and craftsmanship, boasting handmade brick construction and timeless architectural appeal.
Secure Investment with Strong Returns Currently leased to the well-established Red Door Pizzeria, this property offers investors a secure rental income of approximately $625 per week (plus GST), translating to an annual return of approximately $32,500 (plus GST). The existing lease has a remaining term of three years, with additional three-year renewal options and CPI-based rental increases, ensuring consistent income growth. Additionally, the tenant is responsible for all outgoings, making this a low-maintenance investment.
Property Features & Highlights:
Heritage-listed building with remarkable historical significance
Prime location in a high-foot-traffic area, surrounded by successful businesses, cafes, and a popular pub
Secure, long-term tenancy with Red Door Pizzeria, a well-established and thriving business
Rental income of approximately $32,500 (plus GST) annually
Tenant covers all outgoings, reducing owner expenses
Remaining lease term of three years with renewal options available
CPI-based rental increases for continued revenue growth
Generous 405m² land size with both indoor and outdoor dining areas
Full commercial kitchen and compliant toilet amenities
Stunning architectural features, including Adzed timber flooring, timber-lined cathedral ceilings with exposed rafters, and natural brick walls
Strategic Location & Future Potential Buninyong's strong community presence and increasing commercial activity make this a highly desirable investment. The property's rustic charm and premium fit-out perfectly complement its current use as a pizzeria while offering versatile potential for future commercial applications. Subject to council approval (STCA), the property also presents an opportunity to be subdivided into two separate retail spaces, further enhancing its investment potential.
Don't Miss This Rare Opportunity Seize the chance to own a prestigious commercial property in a sought-after location with immediate rental returns and promising long-term capital growth.
For further details or to arrange a private inspection, contact:
David How OBRE Commercial | 0419 314 103
Steve Crease Bacchus Marsh Real Estate | 0475 888 101