$320,000

Welcome to a rare investment opportunity in the bustling heart of the CBD - a renowned commercial building that has been an integral part of the local community for an impressive 20+ years. Situated in the revitalised Napier Street, this property offers a combination of history, modern upgrades, and an unbeatable location. The building itself consists of an expansive showroom floorspace, equally as large storage space with rear lane access providing convenience and accessibility for efficient operations, additional inclusions include a kitchenette, toilet facilities and cellar. Vast improvements have been made recently with floor coverings, ducted refrigerated heating and cooling throughout as well as a new roof. Currently leased for $26,000 p.a which equates to 8% gross ROI until December 2026 with a further 3 year option with further increases. The condition, history, position and return make all the hallmarks of a great investment opportunity.