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Dual purpose! Existing residential income or convert to commercial
An affordable opportunity presents itself in a highly visible and prominent location near the ever bustling Jamison centre to own a great piece of real estate which could be a shop, specialist centre, or restaurant.
Currently used for residential purposes with a return of over $41,000 (3 of the 4 rooms are let) with potential of over $55,000 P.A if fully tenanted, this property offers one of the strongest returns on investment in the Canberra market.
Inspections strictly by appointment only.
Features
? 113m2 internal
? 3 car parks
? Carpeted throughout
? High ceilings
? Ducted RCAC
? Commercial glazed windows
? 4 very spacious rooms with lockable doors
? Blockout blinds to bedrooms
? Kitchenette with:
~Induction cooktop
~Upright fridge / freezer
~1.5 bowl Stainless steel sink
~Samsung front load washer
~Recirculating rangehood
? Bathroom with full height tiling
? Heatlamp / TASTICS
? Large frameless shower
Permitted uses include:
(i) Shop
(ii) Residential use (limited to multi-unit housing)
(iii) Restaurant
iv) Non-retail commercial use
Outgoings
Body Corporate $1,913.82 / quarter
Rates $1,809.39 / annum (2023) (residential)
Land Tax $2,283.39 / annum (2023)
Water & Sewerage $178.82 / quarter (2023)
*Temporarary special levy $2,148.07
Note if used for commercial purpose rates would be $5,699.39 (2023).