Given the massive opportunity for development potential [stca] with over half an acre of Gen Res Zone land, this is a rare offering to the market. Proximity to the town with it's cafes, restaurants and shops as well as North Arm, Cunninghame Arm and the beach makes it even more attractive in this very buoyant market.
Behind the fully renovated home at the front of the property, the very substantial brick building houses 4 squash courts and a fully functioning cinema complete with bar, club room and amenities and has been a popular venue for local clubs, schools and events for the last thirty years. The 29 car carpark has dedicated in and out access and the complex and carpark are clearly visible from busy Myer St.
At the front of the property, and on the same title, is a fully renovated and fenced 'sixties' home with many of the features from the era preserved. The house has it's own driveway access on Myer St and has a low maintenance back yard, great BBQ area, separate workshop and outside toilet.
The cinema/sporting complex is currently operating and providing good income and any potential purchaser has the option to continue this or further develop [stca], while the home which is owner occupied has a rental value of $360 to $380 pw at the time of listing for sale.
The contracted sale price of the property will be plus GST if any is applicable.
All enquiries to exclusive listing agent Paul Johnston on
0416 260 529 - thank you!
Property ID: #BRN3474
