Offering an outstanding investment opportunity in a prominent village setting, this Mixed Use commercial/residential property comprises two retail stores plus a stylish private one bedroom apartment all on one title. Fully renovated and superbly positioned on a high-exposure location on the corner of Clovelly Road,
it's surrounded by cafes and bistros in a vibrant neighbourhood community. Victorian building with expansive street frontage & high exposure to pedestrian & vehicular traffic. Shop 1 is approximately 120sqm with retail on the ground floor & a fully renovated one bedroom apartment on the upper level. The apartment features a modern kitchen & bathroom, polished floors and large bedroom with built-in robe. Shop 2 is approximately 95sqm of retail space spanning over two levels.
Currently leased to quality tenants:
Eden Floral Design - 5 year lease until 31/05/18
Wealthy & Wise - current lease expiring 29/02/16 with a 3 yr option
Total annual rental yield approx $130,000 pa + GST
