This centrally located property comprises of three residential apartments and two commercial spaces, with multiple development options available to a new owner should this appeal. The owners have kept up with regular maintenance and offer a perfect opportunity for an investor to continue the property as is or enhance as they see fit. 

Two of the apartments have been renovated to a high level and have enjoyed near full occupancy for a decade, attracting premium tenants. The third apartment has also benefited from consistent rental but options exist to renovate this space into additional apartments, with concept plans available. The commercial spaces facilitate storage and office areas, and secure car parking exists behind electronic gates for the tenants. 

Current annual income is approximately $67,500 and potential development to part of the property could increase this significantly. 

- Multi-Purpose Property 
- Three residential apartments, two commercial spaces 
- 8.1% gross return on asking price 
- Secured car parking 

Call the broker for a detailed Information Memorandum showing current floor layout, concept plans, full income and outgoings details and many additional photos. Viewings are by appointment only.