This large 835m2 (approx) purpose built squash and gymnasium building sits on a prime 1,830m2 (approx) allotment of General Residential Zone - Schedule 1 land in the heart of historic Beechworth within close proximity to the centre of town and the Gorge Reserve. Currently leased on a monthly basis to the Beechworth Fitness centre with a rental return of $45,300.49 net of outgoings and GST. This is the ideal opportunity for a new owner occupier to continue the current use or look to use the vast building for any number of purposes subject to planning guidelines. Alternatively with a little imagination the zoning allows for a townhouse conversion of the existing building resulting in potentially up to five large townhouses which would be of immediate appeal to owner occupiers, investors, holiday home buyers and down-sizers alike (stca)! Inspection is strictly by appointment, so call today!