- Prominent freehold standalone corner site with advantage of multiple income streams
- Cafe, laundromat & electrician returning approx. net 41,500 + GST
- Land area 180sqm, floor area 188sqm (approx.)
- Long term investment with add value potential
This high exposure corner suburban property provides a rare opportunity to secure a well-performing investment in a tightly-held location. Comprising three separate tenancies (four shops in total), the property is fully leased returning a net rental of approx. $41,500 + GST - offering add value potential as well as a low-risk long term holding.
Strategically positioned, the site is located off Blockhouse Bay Road in a popular suburb which comprises mainly of residential, and is an approx. 5 minute drive from Maioro Street - the start of the South Western Motorway and will link with the $1.4 billion Waterview Connection project, which is to connect the South Western and North Western Motorways. Other key amenities in close proximity include Pak N Save, LynnMall Shopping Centre, New Windsor Primary School, Lynfield College, and Avondale College.
High exposure corner site, multiple tenants, a quality surrounding residential base - this is not an opportunity to be overlooked!