Large site (2,024 sqm) on two titles in Stafford Street. Four character buildings with multiple income streams. Three commercial tenants, four residential tenancies plus rented car parking. Total income approximately $108,000 net per annum.
This city precinct is enjoying a revival. Numerous redevelopments of heritage buildings throughout the Vogel Street warehouse district and now radiating to adjacent streets.
This property has great potential for redevelopment yet is generating a substantial cash flow from existing tenants.
Deceased estate calls for definite sale.
Combined government valuation $760,000.
Inquire for full details today.
Tender closes Wednesday 7 October 2015