Prime investment opportunity. Two lock-up shops plus 3 separate residences. Residences consist of a 2 bedroom, 3 bedrooms and 4 bedroom town house style apartment with courtyard and side drive to large lockup garage.
The property offers plenty of potential for renovation and upgrading and increasing the return.
Features: Corner position with 3 street frontages. Ample footpath space in front of the shops gives good visual exposure. Can be an excellent home with income opportunity.
Gross annual return - $104,188.00 (currently all shops and apartments leased)
Outgoing: Council Rates - $3186.00pa, Water - $1175.00pa, Insurance - $4552.97pa
Land value - $764,000.00 (for assessment purposes)
Land Size - 585 sqm
Shop sizes - Shop 1 - 101.5sqm, Shop 2 - 89.3sqm
Unit sizes - Unit 1 - 94.1sqm, Unit 2 - 102.3sqm, Unit 3 - 203.1sqm
