224/226 Fitzgerald Street

Northam WA 6401

660 sq.

Other

Currently for sale - view listing

Overview

Unbeatable Commercial Investment in the Heart of Northam - Strong Returns, Unmatched Potential

Presenting an exceptional opportunity to secure a prime commercial property in one of Northam's most sought-after locations. Positioned on the bustling Fitzgerald Street, this property is home to two fully tenanted retail shops, ensuring immediate cash flow and long-term stability. Currently, both shops are generating a combined rental income of $2,030 per month (excluding GST), with a new lease agreement set to increase the rental income to $2,500 per month, providing excellent returns right from the start. Additionally, all outgoings are paid by the tenants, with the exception of building insurance, making this a hassle-free investment that maximizes your returns. Boasting unrivaled street exposure and stunning views over the Avon River, this is not just a property, but a future-focused investment. With council approval, the possibilities for development are endless, allowing you to maximize the potential of these incredible views and prime positioning. Key Features: • Land Area: 658 sqm | Building Area: Approx. 236 sqm + adjoining verandah . • High visibility and heavy foot traffic - an investor's dream. • Strong rental returns: Combined rent of $2,030/month (excluding GST), set to rise to $2,500/month with new lease Agreements. • Outgoings paid by tenants (excluding building insurance). • Incredible River Views: Potential for a transformative development (subject to council approval). • Central location in the heart of East Northam - a hotspot for growth and opportunity. • This property delivers both immediate returns and a future filled with possibilities, making it the perfect addition to any savvy investor's portfolio. For more details or to arrange a private viewing, contact Ravinder Singh on 0426 110 773 today!