This unique property has numerous potential uses being spread over three levels. The main part of the ground floor has been previously used as a restaurant and still has a full working kitchen. This space could be converted to use as office or retail use if preferred. There is also a small space on the ground floor leased to an operator selling bikes, rental is on a monthly basis and is at $585-00 including GST and outgoings. The first floor of the building comprises a partially renovated living area with several bedrooms and a number of areas set aside as bathrooms with plumbing installed to these areas. The basement is approximately 80M2 and is in very good condition with several rooms of varying sizes, and again could be used for any number of purposes. There is a large rear yard making it ideal for residential or catering purposes and the rear access with parking is a huge bonus. The uses are limited only by your imagination. (sale price is plus GST)
With frontage to High Street in Eaglehawk's busy shopping strip, this property would make a great investment in the very affordable range. It has just been leased for 5 years with a commencing rent of $20,000-00pa plus outgoings (gst is not applicable). The main shop is approx. 69M2 with a large window display plus a further 10M2 to the rear for storage purposes. The first floor comprises a 2 bedroom unit or area for use as an office which is approx. 49M2 and comprises bathroom, kitchen-living area plus 2 smaller rooms which could be used as bedrooms, offices or storage space. There is also rear access to the shop. Great investment with an excellent return of 7.27% based on the full asking price.