•Multi tenant investment- split risk
•Commercial and residential tenancies
•Returning circa $95,000 pa +GST/OPEX
Centrally located in Thames, 626-634 Pollen Street offers a prime mixed commercial and residential investment opportunity with multiple income streams over three titles.
This prized possession has been owned by the Brown family through generations since 1895 and is home to anchor tenant 100% Electrical appliance store currently returning $65,000+GST/OPEX.
Supplementing the commercial income are two residential tenancies with potential for an additional tenant in the storage hall. A first floor, 3 bedroom apartment located above 100% Electrical with its own separate entrance off Pollen street and the second comprising both a ground floor shop and first floor dwelling providing the highly sought after live-work lifestyle for the tenant.
Boasting a solid 71% IEP rating across 626-630 Pollen Street alongside 634's 40% IEP on a total land holding of 1,257sqm (more or less), this hands-off, multi-faceted investment is sure to please.