Fully leased corner site - Mixed Use zoning


71 Upper Queen Street, Newton

Tender

Download Email
Fully leased corner site - Mixed Use zoning | 71 Upper Queen Street, Newton | 1691787 |      X Close
Image
Description

Fully leased corner site - Mixed Use zoning


• Freehold standalone investment on CBD Fringe corner site

• Fully leased, returning $72,443 + GST p.a. with rental upside

• Comprises 267sqm building over 2 levels plus 10 car parks (stacked)

• 266sqm fee simple land zoned Business - Mixed Use with 32.5m height overlay

• Strategic location in key growth precinct

Sitting proudly in a high profile corner position, this property offers investors and land bankers the chance to secure an affordable commercial property investment in a sought after growth location. The property measures approximately 266 sqm over two levels and benefits from 10 car parks.

Currently leased to two established tenants, this property offers appeal as either a bottom drawer commercial investment with potential for significant rental growth or alternatively as a land bank corner position which offers considerable future add-value and development potential due to its intensive zoning and 32.5 metre height overlay.

A rare and affordable opportunity in a tightly held precinct. Call now for further information.

71 Upper Queen Street, Newton

Open in map