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!
