Showcasing an enviable opportunity for both established and emerging business ventures (subject to Council guidelines), this property presents extensive exposure in a prominent and sought after position on Latrobe Terrace. There is currently a development approval in place to add a residential dwelling at the rear of the existing building that will showcase the elevation and suburban views, presenting the opportunity to live onsite and run a profitable business or to maximise the income potential where land is at a premium, through commercial and residential means. This offering will attract astute business owners and investors looking to capitalise on a central commercial venture with further scope for development.
The charming character of the building's facade creates a welcoming first impression, a prominent arched covered walkway connects the bullnose front verandah with the street and draws the eye to vertical paneling and two bay windows framing the central entrance.
Soaring heights of the crisp, white vaulted ceilings create a dramatic impact. A combination of track lighting, downlights, and feature pendant lighting eloquently highlight the texture and geometric symmetry, anchored by rich, polished timber flooring, creating a warm space, ideal for showcasing high end boutique merchandise or bespoke client services.
The upper floor of the premises includes an expansive retail space with an open floor plan and preparation space at the rear that opens onto an elevated balcony.
The lower floor is currently utilised as a studio with adjoining store room serviced by additional toilet facilities and a kitchenette. This space could ideally be turned into a Studio apartment with minor updates if you are looking for a base near work.
The allotment features enviable side access, a unique proposition for the strip providing access to the rear of the site.
Additional features include:
* Air conditioning
* Security system
Business owners and investors have the option to utilise the property in its current capacity, with further scope to capitalise on the existing development approval to build a residential addition at the rear of the allotment or explore the opportunity to convert the lower floor into a dwelling.
Inspect by appointment or contact Max Hadgelias 0411 276 372 for further information about submitting your interest.
