25 Worrell Street,
Nunawading, VIC 3131

This incredible opportunity located in a thriving neighborhood offers smart buyers exceptional flexibility, comprising a downstairs shopfront and a spacious residential apartment upstairs, both with secure tenants in place to immediately enjoy dual income!

Sitting on approximately 190sqm of land in Commercial 1 Zone, enjoying rear lane access, ample street parking, exceptional proximity to Eastlink, major arterial roads, parklands, and public transport, the property boasts affordability and versatility, suiting an array of buyers including astute investors, first home buyers, and owner occupiers wishing to move in and take advantage of the retail income to assist with repayments.

Shopfront
The retail space has had a secure tenant in place since July 2022, on a three-year lease with further terms of 3 years option and an annual 3% rental review, returning a strong $22,800 (approx.) per annum. It sits perfectly in a local shopping strip and features a light and bright shopfront of approximately 110sqm, ample customer car parking, kitchenette, bathroom facilities and rear lane access to a car park.

Residence
The upstairs residence is a spacious apartment comprising renovated kitchen and bathroom, open plan living with a balcony for outside entertaining, three bedrooms, heating and cooling, together with laundry facilities. Currently leased at approximately $3,184 per calendar month, continue to reap rental income or move in once the lease expires and continue collecting rent from downstairs!

A captivating opportunity to secure a slice of both residential and commercial space, this is an opportunity not to be missed!