For Sale
$780,000

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.

STREAMS

  • None scheduled
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Inspections

  • None scheduled
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Property Agents

  • Jason Morris Raine & Horne Newcastle

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