Presenting this one of a kind opportunity in the heart of Bald Hills, with 3 commercial shops and a residential house returning approx $5389 per month with potential of return $6589 per month. Whether you have a home business that you're ready to take to the next level or you're the astute investor ready to make your money work for you, this property is sure to prove itself as the perfect purchase.
- Residential house with 3 large bedrooms, open plan living area connecting the spacious kitchen and bathroom
- Zoned as District Centre (District) - Concentration of district-serving retail, commercial, residential and other uses
Low-medium rise buildings of a similar height to surrounding residential areas (Subject to Council Approval)
- Maximum building height unless varied by a neighbourhood plan - 4 storeys (Subject to Council Approval)
Rental Return -
- Shop 1 - $1906 per month (80m2 approx space)
- Shop 2 - $1966 per month, 3 years + 3 years (80m2 approx space)
- Shop 3 - Rental Appraisal - $1200 per month (Currently owner occupied business)
- Residential House - $1516 per month (Periodic Lease), potential to be $450 per week
- Current Combined Return - $5389 per month
Outgoings -
- Council rates: $6100 per annum
Currently commercially zoned - buying and holding is also an excellent option as this prime piece of real estate has potential to be expanded to a 4 level shopping & Residential complex, subject to council approval. With two secure leases and an option for a third, this opportunity sure is rare due to the flexibility and abundance of options available to you.
Call Harpreet on 0413 976 690 for more information or to book an inspection today!
Auction Details -
Date - Tuesday 15th of June 2021
Time - 11 am
Venue - In - Room at Ray White Aspley
Address - 1378 Gympie Rd, Aspley 4034
