FOR SALE
First time to the market in 75 years. Take advantage of this rare opportunity with 3 income streams!
Prime Corner Site Property with Established Tenancies. Act now to secure this outstanding opportunity. Located prominently on Thames' main street, this distinguished property boasts exceptional road frontage and presents a good income opportunity.
Another notable advantage is the potential to subdivide the approximately 200 square metres of land that is included in the parcel, either to neighbouring property owners or independently. Currently, the subject land is leased on a month-to-month basis to two neighbouring tenants, providing them with rear access to their retail businesses.
The property consistently generates income from two well-established tenants. The Re Store Eco Market and Snipz Hair Salon, as well as from a fully self-contained upstairs two-bedroom apartment. Currently operated as an Airbnb. This unit provides an additional revenue stream. Additionally, neighbouring tenants benefit from friendly rental arrangements that grant them rear access to their tenancies. Overall, the combined annual net income from all income streams is approximately $65,000 net per annum. The retail rentals are reasonable, so there is potential for rental growth over time.
Key Features:
* Iconic Thames location with high visibility
* Prime corner site with two street frontages
* 520 sqm (more or less) Land area, with an opportunity to subdivide into a separate land parcel of approx. 200 sqm
* Long-standing retail tenants, upstairs Airbnb 2 bedroom apartment and additional upstairs space within an approx. 374 sqm building
* Ample parking for approximately 11 vehicles, situated on rear land area
* An excellent opportunity for investors seeking passive income
For more information and an appointment to view this property, please contact the vendor's sole agent at NAI Harcourts Cooper & Co today.