Offering a return of $14,461.54 pa net + GST on a 5 year lease commencing 1st December 2007 plus two further terms each of 5 years from a long term well established tenant- Harrick Jeferreys who have carried out their business in the area for 50 years!
Combined with an opportunity to develop the approximately140m2 of land at the rear (STCA) makes this an excellent proposition for buyers looking for upside!
Rear access from a wide laneway via Tyler Street offers potential for a variety of building options with views back across the ranges.
Zoned Business 1 with the tram at your door step and within easy reach of the Northern Ring Road, Eastern Freeway and the CBD in an increasingly sought after location.
Do not miss this opportunity - An excellent tenant offering dependable income plus potential!