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Price Guide $1,200,000
Property ID: L34517226 | Retail
• Fully leased mixed-use property generating steady income
• Current annual return of $69,940 (GST-free)
• Ground floor shop with potential to split into two tenancies.
• Two upstairs residences offering ocean views.
• Spacious 518.5 sqm lot with convenient rear lane access
Ground Floor Shop:
• Lease: Until February 2027 (with a 1-year extension option)
• Rent: $2,383.33 per month
• Potential: Can be reconfigured into two smaller spaces for greater return
Unit 1/128:
• Lease: Until January 2026
• Rent: $405/week
Unit 2/128A:
• Lease: Until February 2026
• Rent: $390/week
For the first time in 30 years, this versatile freehold property is on the market, offering three distinct income streams: This is a wonderful opportunity to secure a solid investment with significant potential for growth. Ideal for savvy investors looking to capitalize on a property in a thriving location with ocean-view residences.
Contact us today to arrange an inspection or to find out more!
Disclaimer:
At Domain Illawarra Real Estate, we strive to provide accurate information in our marketing materials based on details supplied by our Vendors. However, we cannot guarantee the complete accuracy of this information. Therefore, Domain Illawarra Real Estate does not make any representation, statement, or warranty regarding the complete accuracy of the details shared. We strongly advise potential buyers to undertake their own due diligence when considering a property purchase. Please note that all photographs, maps, and images are for marketing purposes and are representative only.
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