Description

ST ALBANS INVESTMENT OPPORTUNITY

Renovate or Redevelop commercial and residential units

• A rare opportunity to own a prime corner piece of real estate in St Albans.
• Total land area 601m2
• 5 commercial and 3 residential units.
• Combined potential annual return up to $200,000 with existing units
• Across the road from Ginifer Station at the corner of Furlong Road and Willaton St
• Commercial 1 Zone (multi story height limit up to 7 stories STCA)
• Suitable for astute investors and developers

Units Available:

• Unit 1 - Bottleshop - Potential rent return of $38,850.92 P.A
• Unit 1A - Bake House - Potential rent return of $24,000.00 P.A
• Unit 1B - Shisha Bar - Potential rent return of $25,090.92 P.A
• Unit 3A - Potential rent return of $19,200.00 P.A
• Unit 214A/1 - Potential rent return of $19,200.00 P.A -

3 bedrooms, living area, kitchen and plenty of open space with one bathroom. With a Large balcony this is house is filled with lot of natural light. All vital amenities in close proximity will impress any small family to make it their home.

• Unit 214A/2 - Potential rent return of $19,200.00 P.A
• Unit 214A/3- Potential rent return of $19,200.00 P.A

2 bedrooms, living area, kitchen and plenty of open space with one bathroom. This spacious house with a balcony can accommodate a small family.

There is a separate security entrance door for the apartments.

• Unit 3 - Milkbar - Potential rent return of $25,047.36 P.A

Contact Andrew Shields on 0408 443 202 to arrange an inspection or a copy of the Section 32 today!

Disclaimer: Whilst all efforts have been made to ensure the accuracy of this information is correct. All interested parties should undertake their own enquiries as to the accuracy of this information. We do not accept any liability for loss and damage arising there from.