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Presenting an ideal investment opportunity at 21A Main North Road, a highly sought-after commercial property in a tightly held area.
This strategically located asset comprises a land area of 525 sq m with a lettable area of 325 sq m, providing ample space for diverse business operations. Currently, the property enjoys a stable and reliable income stream, generating $73,904 net income per annum plus GST and outgoings, thanks to a long-term, established tenant with favourable lease terms.
The site is further enhanced by on-site parking, adding convenience for both tenants and clients. Additionally, the property features a third vacant unit, offering potential for further value enhancement or increased rental income. An extra income stream is provided by a static billboard, contributing to the property’s overall financial performance.
This investment is a rare find in a tightly held market, offering both stability and growth potential. Don’t miss the chance to acquire a valuable asset with solid returns and excellent future opportunities.
Contact the sole agents today for more information.
For sale by Negotiation.
*Boundary lines are indicative only.
Features:
* Engineering report available
* Tightly held area
* Land area 525 sq m (more or less)
* Lettable floor area 324.65 sq m
* Net annual income $73,904 + GST + OPEX
* High profile + traffic flow
* Split risk investment (1 vacancy)
* Long term established anchor tenant
* Onsite car parking
* Affordable freehold investment