Discover an incredible investment with this residential/shop combination, situated on a low-maintenance 668m² (approx.) block. This property promises strong returns, generating a combined rental income of $1,248, with potential for growth in a high traffic location. All offers are welcomed!
Primely located in Westlawn along a busy street and popular highway (Summerland Way), this property is conveniently located within walking distance to St Marys Primary & Westlawn Primary schools, sporting facilities, parks, and the CRJC. Its prime location contributes significantly to the low vacancy rates for both the shop and the unit.
The unit offers three well sized bedrooms, one bathroom and a modern living, dining & kitchen. Outside the unit enjoys its own private, fenced backyard and single lock up garage.
This former service station and corner store was transformed into a modern cafe / takeaway food operation and offers a functional layout with a spacious kitchen, cool room, service area and large covered deck. Offering a current lease with shared outgoing costs (50% of rates and insurance as well as 100% of water, waste and grease trap charges) to an established and well patronaged cafe business with lease options to 2030, this is a set and forget investment you wont find anywhere else. Please refer to the floor-plan provided for an understanding of the layout.
Notable features include;
- 668m2 block
- Low maintenance investment
- Modern interior & exterior
- Shared outgoing costs with shop tenant
- Dual income streams
- Combined rent return of $1,248 p/w
- Strong history of little to no vacant time
Tenancy Details;
- Unit: $480 per week, Lease End: 02/10/2025
- Shop: $768.15 per week, Lease End: 14/01/2027
Properties like this are a rare find, don't miss your chance to secure this fantastic investment. Express your interest by contacting John Cameron from Ray White TKG at 0409 377 181 today!
Disclaimer: All information disclosed herein has been provided from sources we believe to be reliable however we cannot guarantee its accuracy. It is respectfully advised that interested parties carry out their own due diligence.
