Located at 25 Mitchell Street this versatile investment property presents a compelling opportunity for investors or potential owner-occupiers. Currently generating a gross income of $62,400* per annum plus GST, the property comprises four well-maintained residential units, including three one-bedroom units and one two-bedroom unit, providing diverse accommodation options.
The ground level consists of three retail suites which totals 74sqm*, they are ideally positioned to attract businesses seeking visibility in this desirable Stockton locale. With both retail spaces currently vacant, the property holds further revenue potential, making it a prime opportunity for repositioning or expansion of services to suit the area's needs.
Key features include:
- Rental uplift
- Shop 1 - 27sqm*
- Shop 2 - 29sqm*
- Three vacant retail shops totalling 74sqm* which can be subdivided or used collectively
- Gross income $62,400* per annum plus GST
- Seven tenancies in total
- Four residential units
- Invest or occupy opportunity
*Approximately