Price Undisclosed

0 Bed  •  0 Bath  •  1 Car

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Sold

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Other Sold on Tue 19 Aug, 2014

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Other description

“FREEHOLD INVESTMENT - SHOP + HOUSE”

This well-positioned Central freehold on the fringe of Warrnambool CBD, offers investors long-term security, a few different options with the building and solid capital growth over time.

Comprising a long-established mixed business - spacious shop floor area, excellent kitchen & cooking facilities, coolroom, storeroom, office, WC - and a 2BR attached flat, fully self-contained with single garage and enclosed yard.

Long lease in place 5 x5 years, income $30,000pa + CPI increase. NB Business (leasehold) is also currently for sale for owner-occupiers, live in house and run the business. Options include adding an extra flat at the back of the existing residence or splitting the property and renting the shop & flat separately.

This is one of those properties that you put into your super fund and just watch its solid capital return over time. Flexible building with various options and potential to add value in a prime dress circle location. Do the numbers & take this one straight to the bank. Owners have priced realistically for quick sale!

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