Location: This commercial investment property is situated in the heart of the CBD, less than 200 metres from the Post Office, three major banks and retail outlets.
Description: The property is a commercial arcade providing access from Argent Street through to Argent Lane. There is a good balance of retail/office tenants ensuring ongoing traffic flow.
Level: Street level with undeveloped office on the first floor providing potential for further income.
Area: 1012 sq metres
Sale Price: $730,000
GST: The property is being sold as an ongoing concern.
Comments: This is a rare opportunity to purchase a commercial investment property held by the current owners for 45 years.
Investment Details: Currently occupied by twelve tenants providing a net income of $67,447 to $78,389.