The subject property is located at 693 Sandringham Road, Sandringham comprising 136m² of Freehold land and approximately 172m² of solid building over two levels. The property has an 85% NBS/earthquake rating.
The property includes an upstairs two-bedroom apartment which was built in 2001. On the ground floor is a retail shop which has been run as a convenience store for over 20 years. Both tenancies can create a cash flow of $56,000 per annum.
The property can be purchased with vacant possession with a settlement between two-six months.
Instructions are clear, this property must be sold.
KEY FEATURES:
• Freehold retail/residential investment
• 85% NBS/earthquake rating
• Vacant possession
• Growth area on good street