Very well located 1,237m2 landholding situated with exposure to massive passing traffic on a major arterial road.

* Located in a prime position opposite national franchise retailers of McDonalds, Hungry Jacks and 100m to major retail centre with Coles.
* Character building built in c1899 and maintained to a good standard with three tenancy areas. Character ornate ceilings, arched door ways, polished timber floors provide a standard of commercial accommodation that is not commonly available in today's market.
* Existing income of $101,974 per annum net from long-standing tenants with all outgoings recoverable (excl management fees and land tax at single rate ownership).
* Approximate building lettable area of 385m2.
* 22 bituminised on-site car bays which is extremely rare within the CBD.

Investigate the possibility of further development of the site under the Regional Center R-AC3 zoning for mixed use with offices, residential and retail., or simply hold and enjoy the rental income.

The property is For Sale by Expressions of Interest and would suit buyers in the high $ 1 millions.

Contact Matt Snaddon on 0488 280 020 for a viewing of the property and further information.