DEVELOPMENT AND OR INVESTMENT OPPORTUNITY - $950000

Description

Very rarely does such a site as this become available with such close proximity to the City Centre. The property comprises 1 title with a huge land area of approximately 9,973 square metres, a massive Lot in such a highly sought after location. It has a Zoning of Business Three and has a superb frontage to Thistle Street of approx 122 metres. The potential here is unlimited. With several tenancies available it may suit an investor or perhaps an owner operator who may wish to let parts of the property to gain an immediate income and subsidize the cost of any outgoings. The current owners may also look at a leaseback for a period of 6 months up to 2 years(by negotiation). There is also the opportunity for construction of further shedding(STCA) to ad to the income available. Currently returning approx $74,000-00 per annum (less costs) and with scope for greater returns when completely tenanted. BP, as the main tenant< have a lease of 5 x 5 x 5 with an automated self service unit in use. Overall, a fantastic property, excellent location and the use is limited only by your imagination. Contact the office for further details.