Seize the opportunity to own this strategically located commercial property on the main street through town with generous land size of 624m2. The premises offers a lettable area of 158.7m2 downstairs, including a tea room and two WC facilities, making it ideal for a variety of business ventures. The upstairs space provides 133.6m2 of unrenovated residential accommodation, which can be transformed into additional commercial space to suit your needs.
The property comes with a garage and open-air off-street parking, ensuring ample space for both customers and employees. With potential rental income of $94,000 to $104,000 per annum plus GST and outgoings. This is a lucrative investment opportunity in a prime central location.
Zoning: E1 Commercial.
Land Size: 624.8m2.
Lettable Area:
Downstairs: 158.7m2 featuring tea room and 2 WC.
Upstairs: 133.6m2 of unrenovated residential accommodation (or potential for more commercial space).
Parking: Garage plus open-air off-street parking.
Potential Rent: $94,000 – $104,000 per annum + GST and outgoings.