$1,157,000

If you are looking for an investment opportunity with a passive income, then look no further than this freehold commercial property. The Strand Arcade is a multi-tenanted building located on the main street of Norfolk Island's town centre which offers prime street frontage to Taylors Road.

Property Features

- Well-established, successful, and strong trading retail complex

- 1,014m2 site with prime signage

- Block construction with concrete floors and a panel deck roof

- 910m2 building over 2 levels

- On and off-street parking available

- 13 tenancies (one shop and one office currently vacant - available for let)

- Annual income of over $110,000 (with full tenancy)

- Tenants pay outgoing expenses

- Shared M/F amenities

This is a unique and rare opportunity for an investor to secure a solid property with holding value and passive income.

Contact the Norfolk Island Real Estate office for more information or to arrange a viewing.

Property Code: 720