Perfectly located near a busy business corner positioned and convenience to Hurlstone Park train station with buses at the door plus rear lane access to upstairs residences and locked up garage. The shop and residences offers high rental returned for an astute investor to acquire and a superb future development potential with amalgamation.
FEATURES:
* Land size: 223.80m2.
* Total floor area: 440m2
* Zone: E1 (local centre)
* Height limit: 14m
* Floor space ratio 1.75:1
CURRENTLY SET UP AS SHOP & RESIDENCES:
* Shop total 90m2, rented $630 pw
* Flat1: self-contained 3 bedroom rented $500 pw
* Flat2: self-contained studio rented $400 pw
* Flat3: self-contained 2 bedroom rented $500 pw
* Flat4: self-contained 2 room, rented $300 pw
TOTAL GROSS RENTAL INCOME $121,492 P.A
OUTGOINGS:
* Insurance $1,760 p.a
* Council Rates $2,696 p.a
* Water rates: & usages 2023/2024 $2,100 p.a
* Electricity 2023/2024 $6,500 p.a
INSPECT SATURDAY 12:00 - 12:30 PM
AUCTION 14 DECEMBER AT 1:00 PM
AUCTION VENUE LOCATION:
Pacific City Real Estate
Shop 1, 341-343 Canterbury Rd, Canterbury
ENQUIRIES TO:
Agent 1: Kevin Nguyen 0488 890 009
Agent 2: Johnson Hoang 0452 198 968
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