Located in the bustling heart of Toukley, 321 Main Road is an exceptional real estate investment that offers a lucrative blend of commercial and residential income.
Set on a substantial 617m2 parcel of land this property features three commercial premises, all separately leased, and two, two-bedroom units situated upstairs. The floor area for the building is 196m2 on each level.
The commercial premises and residential units are accessible via a rear lane.
Parking for each business and unit, as well as visitor parking is available on site
Property Features
? Commercial Premises: Three shops, each tenanted and
contributing to a steady income stream.
* 617m2 of prime main road frontage
? Residential Units: Two two-bedroom flats, both leased at
$290.00 per week to long-term tenants.
? Access: Rear lane access for convenience.
This property not only offers a solid return on investment at
5.05%, calculated at the top of the guide price of $1,760,000,
but also holds potential for future improvements, enhancing its
value even further. Its prime location on the main road ensures
excellent exposure in a rapidly growing area, making it an ideal
investment.
Disclaimer: Information has been sourced using third parties. As the representing agency, we do not guarantee accuracy, accept no liability, and advise interested parties to conduct their own investigations. Images are indicative only.