“AUCTION”
Friday 3RD December @ 11.00AM onsite

With a fantastic hard to find central location, this property would make an ideal investment and development site.
The current tenants have approx two and a half years to run on the current lease term with a further term of 5 years available if required.
The potential is to purchase this property and collect the rent for the term the tenant requires the use of the property. Prior to them vacating plans and permits could be set in place for the redevelopment of the site into residential living with the block making an excellent housing lot or for development into a unit site (stca). Alternatively, re-negotiate further terms with the existing tenants.
The property is Zoned Residential One and is approximately 1,012M2 with the current brick building approx 382M2. Conversion into warehouse style apartments is another possibility.
Fantastic opportunity purchase a large inner city property.