Unlock the potential of this rare mixed-use investment offering 4 income streams on a single block. This property boasts two well-established commercial retail shops and two residential units, perfectly situated on a generous 746m² parcel of land. Ideal for savvy investors seeking stable returns and portfolio diversification.
MU1 Mixed Use
This zoning allows for a variety of uses and offers flexibility for future development. (STCA) Set on Pacific Hwy, Belmont, this property enjoys excellent exposure and high foot traffic, with easy access to local amenities and transport.
Retail Shop 1 Mobile Phone Repairs
Size: 36m2 (approx.)
Tenant: Mobile Phone Repairs and Sale of associated products
Lease Type: Retail
Lease Start: 01.01.23
Lease End: 31.12.25
Option: Nil
Outgoings: 20% (Council, Water, Insurance & Management Fees)
Income: $12,312 pa (excluding GST - Owner is not registered for GST)
Retail Shop 2 Pet Care Salon
Size: 65m2 (approx.)
Tenant: Pet Care Salon
Lease Type: Retail
Lease Start: 11.04.23
Lease End: 10.10.25
Option: Nil
Outgoings: 80% (Council, Water, Insurance & Management Fees)
Income: $16,500 pa (excluding GST - Owner is not registered for GST)
Residential Unit 1
Discover easy living in this well-presented 1-bedroom, 1-bathroom open-plan unit, located on the ground floor for ultimate convenience. The spacious layout flows seamlessly from the living area to the kitchen, creating a perfect space for relaxation. (Lease Expiry 16.6.24 - $330 per week)
Key Features:
- 1 Bedroom
- 1 Bathroom
- Open-plan living and kitchen
- Ground floor unit with easy access
- 1 designated car space
Residential Unit 2
Step into comfort and style with this generously sized 3-bedroom unit offering the perfect blend of modern living and convenience. Featuring a bright and airy open-plan kitchen, dining, and lounge, this unit is designed for effortless living and entertaining. (Lease Expiry 31.10.24 - $420 per week)
Key Features:
- 3 spacious bedrooms
- Open-plan kitchen, dining, and lounge area
- 1 Bathroom
- 2 designated car spaces
- Low-maintenance living in a convenient location
Total Yearly Income:
$67,812 per annum (excluding GST) + recoverable outgoings from the commercial tenants.
An outstanding investment opportunity in a high-traffic location. Contact us today for more details!
Disclaimer: We have obtained all information provided here from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations and satisfy themselves of all aspects of such information including and without limitation, any income, rentals, dimensions, areas, zoning, inclusions and exclusions.
