Situated ideally between the Hospital precinct and Lake Weeroona is this exciting freehold opportunity that is ripe for the picking! Suited to the savvy investor, this set and forget proposition will provide you with immediate short term income and security, with the potential for solid long term growth in a well proven corridor.
Location is a key to any good investment, and a property on tightly held Bridge Street is no exception! The corner position offers maximum exposure in a high traffic area, the ideal formula for attracting top quality tenants. Zoned General Residential and set on approx. 367m2, the property currently incorporates a commercial shop front plus residence, offering the flexibility to live and operate a business all under the one roof.
The residence is very neat and livable allowing an extra facet to potential rental income. It boasts two carpeted bedrooms with built in robes, updated bathroom including corner spa and shower, laundry, central kitchen and meals area, and carpeted lounge with wood heater. Evaporative cooling is ducted to all parts. There is secure off street parking for two cars, a private sunny courtyard, large storage shed and external bathroom facilities and storeroom ideal for staff.
The shop front provides excellent exposure, and can offer a number of potential uses for prospective tenants. It is currently being operated as a popular and reputable suburban café with a very healthy trade, and includes a spacious main dining area of approximately 50m2, and two separate areas incorporating a kitchen and storerooms. Outdoor seating is permitted at the front proving a space for popular alfresco dining
Leased to an excellent long term tenant until September 2018 with a further 5 year option available, this multi purpose investment in a prime, proven location will be exactly the addition to your portfolio you have been searching for. Call now for more information or to book a private inspection