OPEN FOR INSPECTION SATURDAY 23rd NOVEMBER 9:00 - 9:30 am
Enjoying a prominent stand-alone City-fringe location, a great opportunity exists here with this outstanding freehold property. The original character Villa cottage with a lettable area of approximately 286 sqm sits on a triangular allotment of approximately 530 sqm, located at the start of a busy, prestigious business and retail strip, with the tram at the doorstep.
The property is currently occupied by the 'Orient Express Model Railway Shop' and is offered for sale with a short term leaseback until 30 September 2025 at a holding income of $4,333.33 per month plus GST.
The single-level layout currently comprises a street-front covered porch entry, three showrooms, boardroom, two administration offices, kitchen, two toilet amenities and bathroom with shower. There are 7 onsite carparks, 4 undercover.
Zoned Business Neighbourhood (BN) the property has options to update, extend or convert into street-front retail or specialty accommodation, consulting rooms or similar (STPC).
At a glance:-
• Zoned Business Neighbourhood (BN)
• High profile site with high traffic exposure
• Total site area of approx 530sqm
• On-site parking for up to 7 vehicles, plus street parking
• Substantial existing improvements
• Holding income until 30 September 2025
• Solar panels x 21(North facing)
• No Stamp Duty or GST Payable
Find location, value and versatility on offer here and capitalise on the cosmopolitan King William Road precinct with the CBD just moments away.
Auction: Friday 6th December at 10:30am on site
