Holding a premier position and offering an abundance of possibilities, this commercial and residential block presents an outstanding investment opportunity. Three apartments, five parking spaces, a commercial shop and district views on a 664sqm block.
- Opportunity to renovate and increase income or re-develop (STCA)
- Present layout has four income opportunities, newly painted block
- Apartment one is attached to the commercial space, lock-up garage
- Current income with two of the premises leased is $50,474pa
- Potential income with all premises leased is $101,400pa
- First time presented to the market since 1977, tightly held
- Main road exposure with four lock-up garages and one car space
- Large block with external laundries and a large garden area
- One bedroom apartment could be converted to a two bedroom
- Premier beach location between Freshwater and Queenscliff