Residential Property Sold
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Investors Must ViewProperty ID 1542549Four residential units, two shops and room for more.
This 2019sqm corner block, opposite parkland and approx 400 metres to the beachfront is largely developed with a modern two storey complex.
Includes four attractive 2 bed 2 bath units and two operating retail premises with opportunity for further residential or retail development on the ground floor.
The four residential units are attractive and appeal to those seeking a tidy, low maintenance property. They are tastefully designed with quality fixtures & fittings throughout. Each bedroom & living room have air con. All enjoy balconies at the front and back, some with ocean views. Units generally returning around $270pw each.
Downstairs there are two complete, fully operational retail/commercial shops, each 55sqm in size. Currently operating is a hairdressing salon and art gallery.
Building was constructed in 2008 and at this asking price is well below replacement in today's market.
Call to discuss the options with the vacant residential/shop spaces. Opportunity for an astute investor to complete the project and secure a great long term investment.