A secure, long term investment is exactly what many are looking for in this current market, with interest rates tipped to rise significantly in the coming year. This property consists of a 5 bedroom home and Milk bar that is leased on a commercial basis with the current period secured until June 2012 – returning approximately $26,000p.a. with another 3 years option available. As the only businesses of its type in the estate and in a prominent position, this is a long running and significant commercial/residential premises. On a corner block with 3 dedicated car parks out the front, the shop is large and well equipped with an attached home that features; large lounge, gas equipped kitchen, family bathroom with separate toilet, ducted heating, plus front and side access driveways with the ability to store 2 or more cars behind locking gates. It also contains future residential development potential (STCA).
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