Retail - Shop
A rare opportunity to secure a substantial commercial investment in a prominent corner position on Broadway, Reservoir.
Occupying an impressive land area of approximately 697m², this property comprises four commercial premises on one title, offering investors an established income-producing asset with potential as a redevelopment site.
INVESTMENT HIGHLIGHTS
-Four commercial shops on one title
-Substantial landholding of approximately 697m²
-Prominent corner position with excellent exposure
-All four shops currently leased
-Annual Gross rent return of approximately $87,802
-Potential redevelopment site (STCP)
-Established commercial precinct in the heart of Reservoir
With all four shops currently leased, the property provides an appealing opportunity for investors seeking established rental income while exploring its longer-term redevelopment potential, subject to planning approval and relevant council requirements.
The combination of a prominent corner location, substantial landholding, multiple tenancies and potential redevelopment upside makes this an opportunity worthy of serious consideration by investors, developers and land-bankers alike.
Secure a prime commercial holding in Reservoir with existing income and future potential.
Call today for further information or to arrange a private inspection.