Entry Level | Retail & 3 Bedroom Residential Apartment
Ray White Commercial proudly presents this outstanding opportunity to secure this dual use property within the Eastern growth corridor of Melbourne.
The property offers the following:
• Land Area | 190m2 approximately
• Zoning | Commercial 1
• Total income | $40,592 per annum approximately
• Building area | 110m2 approximately
• Lease | $20,000 per annum
• Term | Two (2) Years
• Options | Three (3) Years
• Reviews | 3% annually
3 bedroom apartment that features 1 bathroom, renovated kitchen with new gourmet appliances, laundry area, heating & cooling, balcony for outside entertaining along with rear off street parking. Currently leased on a 12 month tenancy at $1716 per calendar month.
This property boasts flexibility and affordability for the astute investor to captivate both commercial and residential markets. This is an opportunity that cannot be missed.
|Tenancy Status||Currently Tenanted|
|Annual Yield (Gross)||N/A (Marketed Without Price)|
|Annual Yield (Nett)||N/A (Marketed Without Price)|
|Title Scheme||Not Applicable|
The above figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply.
* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.