We are pleased to offer this wonderful mixed use investment property for sale by Expressions of Interest. Positioned with prominent roadside frontage to New Town Road, the original sandstone and brick building constructed circa 1920 offers a spacious and well presented 3 bedroom flat with two ground level commercial tenancies, both with long standing tenants. The site area is approximately 1,189m and there is on site parking for up to 6 vehicles, and a rear section of vacant land ripe for further development (STCA). The residential accommodation is being offered on a vacant possession basis, allowing a purchaser the option to rent or live onsite. There is future income growth potential from the commercial tenancies and we believe this to be a ‘stand out’ opportunity for first time investors or those looking to add to their existing portfolio.

Accommodation Summary:
Flat (115m) – This first floor flat is accessed via rear external stairs with entry into a spacious hallway, showing off the original features and high ceilings. There are two double bedrooms with a third single bedroom or study, living room with open fire, well appointed and modern open plan kitchen and dining, bathroom with built-in laundry facilities and a rooftop verandah providing an excellent outdoor entertainment area.

Tenant #1 – Aquarium (approximately 75m) – Comprises open plan retail with rear storage and toilet amenity,

Tenant #2 – St Vincent de Paul Society (approximately 74m) – Comprises open plan retail with rear workroom, kitchenette and toilet amenity.

For full details contact Heather Mason.