This commercial property features a reliable long-term tenant, an exceptional investment opportunity awaits. This unique offering combines business premises and residential home, generating a consistent rental income of $490 per week, with annual increases based on CPI and an existing lease, extending for an additional 4 x 3 years.Rates and water paid by renter.
Nestled on an 832 m² corner allotment, the property boasts ample land space for future possibilities. The weatherboard home includes three bedrooms and a study, perfectly integrated with the adjacent retail premises. Currently operating as a successful takeaway shop with a dedicated long-term tenant for shop and house combined.
While the residential home might not be a showpiece, there's significant potential for updates both inside and out, adding value to this asset. Located in the heart of the goldfields, in the thriving corridor between Bendigo and Ballarat, this property is a promising investment in a growing regional city, Maryborough.
Please note that this property is not available for vacant possession and is competitively priced based on its attractive rental return, land size, and available building space. If this opportunity sparks your interest, we encourage you to reach out for a direct discussion.
Don't miss your chance to secure this investment gem.
TH0412.
