Presenting buyers with a tantalising residential/commercial opportunity with exciting future development potential (STCA), on offer here are two separate shop fronts along with a fabulous 2-bedroom apartment, all opposite the banks of the Yarra River.
Currently reaping an impressive rental income from staggered lease terms across all tenancies amounting to approximately $75,000 per annum net (plus GST & outgoings) - there are options to retain the existing tenancies while exploring possibilities of redeveloping the vacant land at the rear of the generous allotment of approx. 700sqm (STCA).
Situated in the heart of beautiful Warrandyte, the light & airy apartment sits above the shopfront at 272 Yarra Street (presently a whole foods store/coffee shop with WC). Enhanced by glossy hardwood floors, the apartment boasts a well-equipped practical kitchen, bathroom and laundry, split system plus balcony with tranquil outlooks.
The building at 270 Yarra St (presently a burger restaurant) is on a separate title and features a powder room for customers and staff.
Whether you have plans of your own, or simply wish to continue the existing lease agreements, with this location you can't go wrong. A popular destination for sightseers as well as locals, and with endless passing traffic adding to its appeal, you'd better be quick to inspect this will not be on the market for long.
If You Would Like To Bid Online Follow The Link Below To Register For The Auction: https://anywhereauctions.com.au/app/property?propertyId=25164
Meet Agent On Site
Thurs 4th August 12-12.30pm
Tues 9th August 12-12.30pm
Thurs 11th August 12-12.30pm
Tues 16th August 12-12.30pm
Thurs 18th August 12-12.30pm
Tues 23rd August 12-12.30pm
Thurs 25th August 12-12.30pm
Tues 30th August 12-12.30pm
Thur 1st September 12-12.30pm Auction Day
Noel Jones Real Estate has taken every precaution to ensure the information contained herein is true and accurate, however accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
