A great opportunity to buy and RE-DEVELOP in the future and take advantage of the huge expansion of the Commercial Centre by Woolworths at the Heights. Currently a good investment featuring 2 Shops and a 2 Bedroom Flat on the 1st floor and a LARGE COMMERCIAL CORNER BLOCK.
Huge Capital Appreciation is assured because of it’s strategic location. Ideally suited to a mix of Retail and Residential with huge visibility and accessibility from this site.
INCOME: $70,000 (app)
DIM: 13.4 x 43 (app)
Area: 575m2 (app)
Zoning: 3 (C) Local Buss. Centre
Lease: Shop 160 – 3yrs x 3yrs from 29.12.10 to 28.12.13 Rent: $37,885.08 + G.S.T
Shop 162 – 3yrs x 3yrs from 11.12.09 to 10.12.12 Rent: $24,173.88 + G.S.T
Billboard – 3yrs x 3yrs from 24.06.10 to 23.06.13 Rent: $1,580.68

(The above information has been supplied to us by the vendors and whilst we believe it to be correct no warranty is given as to is accuracy E.&.O.E)