McGees Property is proud to present a unique, dual-purpose commercial and residential freehold opportunity in the highly sought-after industrial district of Moorooka. Occupying a generous 625m² land site, this two-level freestanding property boasts IN1 industrial zoning, permitting light industry uses and offering the flexibility of dual occupancy. This property presents an attractive prospect for savvy investors, developers and owner-occupiers. Situated in a tightly held commercial and industrial precinct with a high demand, low supply marketplace, this property could provide the framework for the next generation of commercial property in Moorooka.
Key Features & Benefits:
• Dual-purpose occupancy: Residential on the first floor and commercial office on the ground floor
• Freestanding property with IN1 Industrial Zoning
• No easements, encumbrances, heritage or character overlays
• House can be removed or demolished without council planning approval (building permits still applicable)
• Located in a high-demand, low supply marketplace
• Offering 200m² of NLA over 2 levels, with the potential for further development (STCA)
• Ground floor features renovated space suitable for a commercial office
• First floor residential space features 2 bedrooms, tidy kitchen, renovated bathroom, polished timber floors, character features and rear deck
• Currently rented on a month to month basis at $39,000 per annum - potential for further rent uplift
• Low overheads with competitive council rates and insurance
The property at 6 Gladstone Street is a well-maintained character-style property that was previously occupied by a printing company and has been leased to two separate tenants in recent years. It's well suited for owner-occupiers with potential for further development, subject to council approval. Don't miss the chance to capitalise on this potential-rich property and to benefit from the robust commercial and industrial market of Moorooka.
To find out more about this remarkable prospect, contact the exclusive agents for a detailed copy of the information memorandum or to arrange an inspection.
