Chanel Loy of Mark Hay Realty is proud to present 457-465 Beaufort St, Highgate for sale with massive investment opportunities available.

This rare 880sqm site features a 23sqm frontage comprising TWO green title single storey buildings of 503sqm and 377sqm respectively, giving tenants and buyers the opportunity to enter the prestigious Beaufort St precinct in a highly sought-after location.

Boasting high-quality fit-out with a functional layout and plenty of space, 457 Beaufort St suits a variety of operators or owner-occupiers such as retail, hospitality, medical/allied health, beauty/hair salon, office, showroom, gym, and more! The options are endless and will afford a buyer the opportunity to generate a consistent cash flow by occupying part and leasing out the balance of space to a variety of applicable uses.

Offering prominent front signage exposure and rear right of way access, the property is within walking distance to local amenities and the heart of Highgate, with convenience to major arterial roads and transport networks.

465 Beaufort St - long term Bridal tenants have 2x2x2 year renewal options providing a current income of more than >$100k with fixed annual increases.

Property Highlights Include:
• High exposure & wide frontage site
• Quality well-appointed showroom, retail, office
• Gross income of 465 Beaufort St leased @ $118kpa (approx.), 2+2+2 year option, 3% fixed yearly reviews
• Potential total (holding) income >$200,000pa
• Unlock hidden gem with future development potential (2.0 plot ratio, 6 storeys)
• Zoned Commercial with multiple uses
• Adjacent public car park and popular café & restaurants
• Parking permits can be requested through council

Tenancy:
• The properties are sold subject to existing lease in place. Please contact the selling agent for further information.

Land Details:
• 457 Beaufort St, Highgate: 503sqm (13.36 frontage)
• 465 Beaufort St, Highgate: 377sqm (10.06 frontage)
• Total Land Area: 880sqm (23.42 frontage)

Zoning and Development Guidelines:
• The commercial zoning provides flexibility of use with future development potential with R-AC3 zoning allowing a building height of 6 storeys and plot ratio of 2.0.

GST:
• The sellers are registered for GST.

Information memorandum available upon request.

For further enquiries or to arrange an inspection, please contact exclusive agent Chanel Loy of Mark Hay Realty Group.

Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.