14 Ridley Street, Wedgefield

Excellent vehicle access is a strong feature of this corner site of 1674m2 with double gate access to two roads, plus the benefit of approved caretaker accommodation and a workshop. The steel frame workshop is approximately 100m2, featuring three phase power and near new steel cladding in excellent condition. Dual access is a strong benefit, through one of two doors opening out to the yard. Adjoining the workshop is a structural steel carport of approx. 30m2, which could easily be enclosed if required. The accommodation on site consists of three bedrooms, lounge and dining area. Accommodation is located within an original workshop and would benefit substantially from renovations. The most valuable asset being the caretaker accommodation approval, as it is no longer permitted on Wedgefield sites that don't currently enjoy this benefit. Along the front of the caretaker dwelling is a full length awning providing approx. 42m2 of undercover entertaining and to the side is a private and well maintained grass yard. The corner location and accommodation approval is a huge bonus with this site and there is significant potential to add value with basic renovations. The property is being offered with vacant possession and is highly attractive for investors and owner occupiers alike. For investors, minimum rate of return with existing improvements is 10% at $11,670 per month with strong ability to increase returns with renovations to the accommodation. For owner occupiers, the corner location, workshop, 3 phase power and accommodation approval are all huge ticks. Feature summary: - Corner site 1674m2 with double gate access from two streets - Approved for accommodation - Steel frame workshop with three phase power - Workshop features dual access through two doors - Structural steel carport - potential to enclose - Huge opportunity to value add with renovations - Excellent truck access - Call today, this property won't last. This property is in a very attractive price bracket. For more information on this rare find, contact Crawford Realty Commercial and Industrial Specialist Eliza Mearns.