Prime Commercial Investment or Residential Redevelopment Opportunity in Williamstown
Rare opportunity to purchase a residentially zoned investment with the benefits & savings provided by established commercial tenants. 2 flexible and adaptable tenancies combined on one title currently returning net annual income of $50,000 per annum + GST + outgoings.
This well known neighborhood retail bottle shop outlet features generous display space, a central cool room and ample storage while the adjoining tenancy is configured as an office / studio & leased to a local event management business.
The ability to fulfil a future residential role if so desired complements the office/studio, where up to three bedrooms/consulting rooms are complemented by a dedicated living/dining and kitchen zone and modern bathroom at the rear.
An investment with a track record of reliable returns in a location that provides desirable proximity to Nelson Place, Williamstown station and the water, this is a property of exceptional appeal and promise equally successful from a range of perspectives!
Or future residential redevelopment opportunity.
2 versatile single-level commercial/retail tenancies on one title
Net rental return of $50,000 + GST + outgoings pa
Well known commercial bottle shop premises tenancy
Office / Studio leased to events business
Frontage of 9.8m
Tenants pay majority of outgoings subject to the Retail Leases Act
Contact agents for sale documents and inspection times