$1,495,000

If you have been looking for an investment property that is a mix of residential and commercial then stop right here. This grand property set on a 316m2 block boasts a 240m2 ground floor commercial space currently leased until March 2029 with a 5 year option. The shop could be converted back to two shops if required in the future but has been successfully leased as one for many years.
Upstairs has 2x 2 bedroom residential units which are also both leased. Upstairs could be converted to offices if required or keep the flats as they have been working very well since the current owners purchased the property some 30 years ago and well before this as well. Currently returning $88,682 per annum, this property is showing a 5.37% return at asking price. A mix like this ensures that you are always receiving income regardless of the economic climate. Zoned E2 Commercial Centre.

Whether it’s a first time investment or grabbing some prime commercial space for a future business prospect or utilising your super fund to make your next purchase, this property has loads of potential and with its initial 5 year lease plus the 5 year option on the commercial space it’s nearly risk free. Properties rarely come up for sale in this mall location so call our office for more details or to arrange a private inspection.

DISCLAIMER: Whilst we deem this information to be reliable, the agent cannot guarantee its accuracy and accepts no responsibility for such. Interested persons should rely on their own enquiries.