There is potential plus with this proeprty comprising 4 shops and a 1 x 3 bedroom apartment above (red brick building) positioned on a major corner site. Purchase separately or together as these buildings are on two titles.

Multiple options await the savvy business person looking for a development property only minutes from Ulverstone CBD and close by the Leven River. This high traffic location has the potential to really come to life.

Located on a large 1244m2 block with access both front and rear on the properties, you could develop fabulous townhouses or another shop. There’s loads of room at the rear of these properties and there are some great river and sea views from the existing upstairs apartment.

This roomy apartment offers 3 good sized bedrooms, enormous living room that captures the North sun so it’s bright and sunny, a separate kitchen, laundry and bathroom. Underneath are two shops at ground level with potential as return of 6.5% for the entire building at 17 Hobbs Parade. Also included is a single brick garage and this has good off street parking.

Number 15 is on its own title and has two shops with current leases in place giving a return of 5.5%.

I invite your inspection today on this valuable property. $795,000 for both properties or $395,000 if sold separately.