PPG Commercial and Mayfair Real Estate teams are delighted to offer 417 Burwood Road, Belmore For Sale via Public Auction on Wednesday 4th December 2019 a prized freehold two-storey building in the heart of Belmore retail precinct.
Situated on 259m2* of elevated land, this boutique property benefits from good pedestrian and passing traffic. Its location is boosted due to its position next to the Belmore Returned Services Club Ltd.
The property includes a ground floor retail, residential dwelling on the first floor and loading/unloading via the rear lane on Acacia Lane. The property is fully leased and has a gross income of $24,700 per annum for the residential plus $73,271 gross per annum + GST for the front retail/rear workshop.
This extremely rare offering boasts the following highlights:
Affordable / entry level freehold opportunity
Prime Belmore Road Freehold Investment
100% leased across three tenancies
Rear lane loading/unloading via Acacia Lane
190 metres South of Belmore Railway Station
Inspection Times:
Wednesdays 6, 13, 20 & 27 November 2019 10:30 am to 11:30 am Saturdays 9, 16, 23 & 30 November 2019 - 10:30 am to 11:30 am or by appointment.
The property will be offered to the market via Auction on Wednesday 4th December 2019.