In the heart of Oxford Street, this exclusive mixed-use retail/commercial property is situated on a large 196 sqm block. It presents a 6m wide frontage, situated over three levels, three separate tenancies and two street frontages.
This remarkable property comprises of a 115.5* sqm retail component on the ground floor facing Oxford Street and a second 35* sqm ground floor tenancy at the rear of the property on 1 Begg lane on a secure lease to an established hair salon. Levels 1 and 2 are occupied by DA approved erotic massage parlour. The options are endless to capitalise on this propertys enviable position with busy foot traffic and surrounded by popular boutique shops, cafs and traffic.
Wonderfully versatile and highly sought-after, this impressive investment prospect appeals to the competitive retail market, placed only footsteps from the weekend markets, Queen Street, Centennial Park and all that Oxford Street has to offer.
Ground floor retail on Oxford Street, 115 sqm estimated income $ 115,500 per annum (currently vacant)
Rear Lane Retail, 1 Begg Lane, 35 sqm, current passing income $36,500 per annum new 3 year lease to an established hair salon.
Levels 1 and 2 with direct street access from Oxford Street, current passing income $70,191.48 per annum 10 plus 10 year lease to a long standing tenant DA approve erotic massage parlour.
Open plan ground floor Oxford Street shop with direct access to the rear lane
Separate internal bathrooms for both ground floor tenancies
Hardwood floors, high ceiling, ducted air conditioning and alarm system
Three income streams, two street frontages
Valuable DA approval for the massage parlour
196 sqm block, mixed use zoning
Please contact James Griffiths 0415 371 668 for more details.
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