An exceptional opportunity awaits investors and developers with this rare commercial holding nestled on a generous 1,218m² parcel of E1 zoned land. Currently comprising 7 individual shops, 6 of which are securely leased, this property is generating a projected annual income of approximately $150,000 for 2025. Enquire for the full information memorandum.
Positioned in a high exposure location with solid existing returns, this site also comes with preliminary concept drawings for a potential future development of 29 residential units and 6 commercial spaces (STCA). This offers savvy buyers the perfect blend of immediate income and long term capital growth potential.
Whether you're looking to expand your commercial portfolio or pursue a mixed-use development, this is an opportunity not to be missed.
Key Features:
- Total land size: 1,218m² (zoned E1 Local Centre)
- 7 commercial shop fronts with strong street presence
- 6 tenancies currently leased, offering steady returns
- Approx. $150,000 projected annual income in 2025
- Preliminary plans for 29 units & 6 commercial spaces (STCA)
- High-growth location with excellent future potential
Preliminary development drawings for;
Retail: 6, Studio: 2, 1 x Beds: 7, 2 x Beds: 17, 3 x Beds: 3
Council Rates: $2,089.00 PQ approx.
Water Rates: $1,809.00 PA approx.
Disclaimer: We have obtained all information provided here from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations and satisfy themselves of all aspects of such information including and without limitation, any income, rentals, dimensions, areas, zoning, inclusions and exclusions.