Trophy St Heliers Bay Village Investment

Trophy properties of this calibre are tightly held. This is certainly an opportunity not to be missed! It should be considered by all astute investors, add value investors and developers. This prime offering is positioned at the heart of the St Heliers Bay Village, a vibrant seaside commercial precinct which offers diverse retailing and is home to numerous, and well known, cafes, bars and restaurants. Enjoying frontage to the busy St Heliers Bay Road are six retail shops, most being occupied by well-established tenants. \n\nIn 1927, Mr AW Scotting purchased the property situated at 13 St Heliers Bay Road. This became the premises for the family butchery business which has passed through generations. While no longer in family ownership, 13 St Heliers Bay Road still accommodates the butchery today. Following the initial purchase in 1927, further parcels were purchased completing the St Heliers\nBay Road portion of the offering which is now presented to the market.\n\nThe property is fully leased and provides an attractive net cashflow of $295,499.15 + GST pa. It is a proven performer boasting high rates of occupancy for many years with a number of longstanding tenants. The mixed used and multi-tenanted lease profile provides a sought after risk diversification attribute.\n\n