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Discover a remarkable investment opportunity with this versatile property located on Graham Street in the highly sought-after Western CBD. A rare opportunity to re-position an affordable asset in a favored part of the CBD with an abundance of carparks.
The property currently generates strong passing income of $96,068.57 pa plus GST from month-to-month leases with multiple tenants, ensuring a steady cash flow from day one. Spanning 473 sqm, the property offers considerable flexibility. You can choose to occupy a portion while maintaining rental income from the remaining space or take advantage of the full space for your own needs.
The short-term leases and coveted location present a lucrative opportunity for residential conversion. With the capacity to transform the space into one or multiple apartments and 14 dedicated car parks, the potential is substantial. Alternatively, consider refurbishing the entire property to create one or two tenancies, enhancing rental income and boosting the underlying value.
Whether you’re looking for immediate returns, potential for residential conversion, or a refurbishment project, this property caters to a variety of investment strategies. Don’t miss this chance to secure a valuable asset in a high-growth area.
Features:
* Owner Occupier Potential
* Residential Conversion Opportunity
* 14 Secure Carparks (12 Undercover Carparks and 2 external carparks)
* Sought-After Western CBD Location
* Refurbishment Opportunity
* Stratum in Freehold