Prime Investment with Dual Income & Future Development Potential (STCA)
An exceptional opportunity to secure a corner freehold property in a tightly held pocket of Gladstone Park, offering an established café and a separate 3-bedroom residence on a generous allotment of approximately 608m².
This outstanding investment delivers a combined gross rental return of $58,545.68 per annum, providing both immediate income and exciting long-term potential.
Commercial Lease:
*Café with established tenancy
* Current term: 3 years commencing 01/04/2021 with two further terms of 3 years
*Current gross rent: $37,225.68 per annum
Residential Lease:
*3-bedroom dwelling leased on a 12-month fixed term commencing 07/03/2025
*Rent: $21,320 per annum
Positioned in a sought-after location close to Gladstone Park Shopping Centre, schools, and major arterials, this property represents an ideal investment with strong holding income and exceptional redevelopment prospects (STCA).
Whether you're seeking to expand your portfolio or capitalise on future growth, this dual-income freehold is not to be missed.
Further details, contact Jason Sassine 0419 332 536
Conjunctional Agency: Nicholson Real Estate - Gabriel Mercuri 0411 701 133
