Located in the heart of the Ararat CBD, this wonderful building has just entered into a 5-year lease with the new business owners with 2 further 5-year options to utilise. Currently getting $32,000 per annum with annual CPI increases and potentially getting an additional $14,300 per annum from the other upstairs unit once vacated. This will give an estimated 7.78% return. Set on an approx 429 sqm block this versatile commercial building has flexibility. Downstairs has the retail and commercial space (currently operating as a newsagent and Tattslotto) and upstairs has 2 x 2-bedroom units. Both units have front and rear views overlooking the city and surrounds. There is a double garage at the rear, 2 outside toilets, a shed, and accessible parking from the rear lane. Act now and call the selling agent today on this perfect opportunity for the astute commercial investor.