Residential Investment - Commercial Lease
This unique property was once an industrial workshop that has been beautifully crafted into a modern day office.
The existing tenant has occupied the property since 2016 and recently extended their lease by a further three (3) years.
* Net return approximately $33,099 per annum
* Leased until July 2022 plus 3 year option thereafter
* Building 140m2 (approx) and land area 240m2 (approx)
* Zoned R(2) Low Density Residential
With residential zoning, this property has plenty of potential to be converted to a residence in the future (subject to Council approval).
A set and forget investment in a hugely popular harbourside suburb.