43-45 Ferguson Street Williamstown VIC 3016

Land area of 365m2 approx. with a 12m approx. frontage and superb rear lane access.

Grand freehold of 400m2 approx. consisting of two shop frontages plus first floor offices with a large balcony plus onsite carparking at the rear.

The property is leased to two longstanding tenants:

43 Ferguson St: Wilckens Roche Lawyers
Rent: $84,393.65 per annum plus GST
Annual CPI increases except at the commencement of the further terms where there shall be a market review
(Note: Market review in July 2023)

45 Ferguson St: Nail salon
Rent: $28,878.74 per annum plus GST
Annual CPI increases except at the commencement of the further terms where there shall be a market review
(Note: Market review in July 2023)

Based off recent lettings in the area it is our opinion you could achieve significant uplift in the current rental income.

Commercial 1 zone.

Amazing future development upside and potential to activate the rear of the property.