A landmark property in Sydney Street the Main Street of Kilmore will be coming up for auction on Friday 14 October at 1pm.
The property of Kilmore Lighting & Electricals at 25 Sydney Street is being offered at auction by the Kilmore office of Ruralco Property to enable the long term owners George & Lorraine Keily to finally retire after a very long history as residents and business people in the now rapidly expanding township of Kilmore.
Both George and Lorraine have resided in Kilmore for sixty-four years.
In the late 1960’s they commenced at the rear of the building a lighting manufacturing business that traded for many years as a manufacturer of domestic light fittings under the brand name of Keily Lighting and in about 1980 they built the 25 Sydney Street shop at the front of the freehold.
Ruralco selling agent Grant McKenzie says that the auction sale will create a unique opportunity to acquire a prominent retail freehold in a premier position in Sydney Street which continues to trade today as Kilmore Lighting & Electricals.
Offering a range of lighting and electronic products the business including a Jaycar Electronics product range will also be for sale with the successful auction purchaser having the first option.
Mr McKenzie says “the property has an extensive street frontage of eight metres.
“The retail and services area of the building is approximately 270 square metres.
The land area is 389 sqm which provides off street parking for a number of vehicles at the rear where there is good laneway access for service and delivery vehicles.
“The Keily’s are both well known ‘locals’ in Kilmore and after their long association have now taken the decision to retire”.
Mr McKenzie says that the retail area and support areas of the current 25 Sydney Street building are in good usable condition and a new owner may wish to continue the present business or to redevelop the site.
“There is strong residential growth occurring within the expanding environs of the township and the ease of the Hume Freeway access to the city and northern suburbs is also making the local district increasingly attractive as a family lifestyle or small acreage living destination.
“Opportunities to acquire a prime retail freehold in Kilmore’s Main Street are rare indeed and we are anticipating strong interest”.