Kitchen
Strategically located at the corner of Mount Smart Road and Felix Street, the properties comprises of three freestanding buildings totalling 1,315m² of Freehold land.
Building 1: The Hutchinson Arcade is a block of six retail shops, with long-term established tenants, including a bakery, a pizza shop, a superette, a liquor store, a takeaway shop and a barber shop.
Building 2: Also known as 53 Felix Street, is a freestanding three bedroom residential Unit with tenants in place.
Building 3: Also known as 53c-e Felix Street, is a workshop/office space.
Current combined holding income of approximately $192,845net + GST per annum (with some vacancy), with the potential income to be approximately $218,000 net + GST per annum if fully leased.
KEY FEATURES
• Large Freehold land of $1,315m² in an upcoming area
• Combined net rentable area of approximately 737m²
• Split income streams from commercial and residential tenancies
• Long-term established tenancy in place
• Huge rental upside with owner-occupier options available
• Current holding income of approximately $192,845 net + GST per annum
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $1,750,500 | -39.1% | 2 |
2022 | $2,875,000 | 21.4% | 2 |
2021 | $2,367,500 | 48.8% | 4 |
2020 | $1,591,375 | -6.4% | 6 |
2019 | $1,700,000 | -7.1% | 5 |
2018 | $1,830,000 | 30.7% | 6 |
2016 | $1,400,500 | 2.2% | 8 |
2015 | $1,370,848 | 24.6% | 6 |
2014 | $1,100,000 | - | 8 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.20 km | 3 | 2 | 116m2 | 2024年03月28日 | $650,000 | Council approved | |
 | 0.19 km | 2 | 1 | 115m2 | 2024年02月13日 | $1,205,000 | Council approved | |
 | 0.88 km | 2 | 5 | 87m2 | 2024年02月01日 | $1,380,000 | Council approved | |
 | 0.81 km | 2 | 1 | 106m2 | 2023年11月17日 | $746,665 | Council approved | |
0.71 km | 2 | 1 | 98m2 | 2023年11月16日 | $875,000 | Council approved |