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• Multi-tenant investment - split risk
• Commercial and residential tenancies
• Returning circa $120,000 pa +GST/OPEX
Centrally located in Thames, 626-634 Pollen Street offers a prime mixed commercial and residential investment opportunity with multiple income streaming over three titles.
Steeped in history as an electrical supply store and bike retailer with the original family over multiple generations, 626-634 Pollen Street is now home to 100% Electrical appliance store and computer servicing provider, "Computer Geeks". Supplementing the commercial income is a residential tenancy on the first floor.
The property is not one for a passive investor but ticks the boxes for an add value owner. With upside through strengthening to bring the IEP level above minimum standards, one can enjoy a strong cash flow represented purely in yield.