43 SPOFFORTH STREET, Cremorne NSW 2090

AUCTION
2 X PRIME RETAIL SHOPS ON LONG LEASES (DEMO CLAUSES).
4 X IMMACULATE 1 BEDROOM APARTMENTS
At the centre of the vibrant Cremorne Village retail and cafe strip this substantial full brick retail and residential terrace offers high yields and future development upside.
The wide (10m) frontage encompasses two 50sqm ground floor retail premises both with well established tenants on long term leases (demolition clauses in place). The four immaculate 1-bedroom apartments are ready to rent out for future top returns and gains. There perhaps is the potential to strata subdivide (Subject To Council Approval) and sell.
The 494sqm level block , zoned (B1), offers the potential to extend or redevelop to fully capitalize on this prestigious sort after location.
Entire Building to be sold in one line.
2 X PRIME RETAIL SHOPS ON LONG LEASES (DEMO CLAUSES). Rent for the shops approx $100 000 per annum (tenants pay outgoings)
4 X IMMACULATE 1 BEDROOM APARTMENTS. Ready to rent out.

Land Area approx: 494sqm
Building Area approx 340sqm
Floor Space Ratio: 1.3:1

Also possible strata potential.
Ideal investment for long term hold or development. All conveniently located in popular leafy village shopping strip in a prestigious lower North Shore (Cusp of Cremorne and Mosman) location. Only a short stroll to buses, Sydney Harbour Ferries and all amenities.

Contact John Simpson-Morgan for further information or to arrange an inspection.