Seldom does an opportunity like this present itself. The little building at the front is somewhat of a Hyde Park land mark originally being home to Cocos Shoes.

At the rear was the family home, which has since been tastefully renovated into 3 fully self contained bedrooms, all with living room and ensuite.

The current owner has agreed to a genuine lease back of the overall property at commercial rates for the property and is happy to provide the successful purchaser with a sworn valuation from a local valuing firm to confirm the transaction will remain at arms length.

It is envisaged that this figure will settle at around $800-$900 per week on a 3 year lease with an option providing the purchaser allows him to remain in the building.

The buyer will meet all outgoings. The other option is that the current owner relocates and as such the three, one bedroom tenancies have a current market value of $180-$220 per week each (fully furnished).

The front shop is currently occupied by the owner and represents good main street exposure. The caveat is that the property is zoned residential as such the perspective purchaser will need to clarify specifics in regard to front shop.