Charming Mixed-Use Parnell Villa


493 Parnell Road, Parnell

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Charming Mixed-Use Parnell Villa | 493 Parnell Road, Parnell | 1688093 |      X Close
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Charming Mixed-Use Parnell Villa


• High profile villa with commercial and residential tenancies

• Premier position in between vibrant Newmarket and Parnell and in the DGZ

• Currently returning $74,213 (part gross) from short term tenancies

• Opportunities exist for owner occupiers, work/live and investors

This versatile villa is offered to the market following long-term ownership of over 20 years. It consists of a commercial tenancy at its front with profile to Parnell Road and a nicely presented and fully self-contained two bedroom residence to the rear.

For investors, 493 Parnell Road is currently fully leased providing cashflow of $74,213 (part gross). The property boasts an excellent occupancy history and the dual tenancies provide attractive risk diversification. For owner occupiers, upcoming lease expiries create a range of opportunities. It makes for the perfect work/live option or to occupy part of the property with a supplementary income.

There is also the potential to utilise the entire property while enjoying the benefits of this strategic position nestled in between both Parnell and Newmarket.

Charming villas like this are tightly held - don't miss this one!