Well positioned with strong exposure and a desired corner location. A diversified and secure investment, providing an opportunity to further utilise vacant rooms at the rear of the property.
Shop currently used as laundry business with secure long term lease (5yrs+5yrs+5yrs+5yrs) at $23,400 per annum plus outgoings.
Upstairs two bedroom apartment currently leased at $260 per week
Additional renovated rooms at the rear of the shop that could be used for a number of purposes providing opportunity to increase the rental income from the property.
Professionally upgraded electrical and plumbing works throughout the entire building:
o upstairs apartment separately metered (water and electricity)
o shop separately metered (water, electricity and natural gas)
o laundry business water lint trap (grease trap) installed 3.5 years ago
o rooms at rear have water separately metred and a sub-board with check meter extending from laundry main circuit board

Excellent access to the side and rear of the property with a laneway adjoining the title.
Secure entry to the upstairs apartment and rooms at the rear of the laundry business.
Strong solid brick construction for the entire building.
Security electric roller blinds on all shopfront windows.