Kerr Real Estate is proud to present a rare freehold opportunity in the heart of Tocumwal's CBD. This well-located property offers exceptional possibilities for occupation, investment, or development (STCA).
The offering features three prominent shopfronts with valuable main street exposure, complemented by a residential unit and direct access to the scenic Murray River at the rear. The residence is conveniently accessible from the sealed street behind, ensuring ease of access.
Spanning approximately 695sqm, this site boasts a Net Lettable Area of around 140sqm across its commercial spaces, which are detailed as follows:
? Shop 1: Vintage Boutique ? Approximately 45sqm with a current rental return of $12,000 per annum. (approx)
? Shop 2: Real Estate Office ? Approximately 50sqm with a current rental return of $18,000 per annum. (approx)
? Shop 3: Untenanted ? Approximately 45sqm, offering flexible potential as retail or office space with an estimated rental return of $14,000 per annum. (approx)
? Rear Residence: A comfortable 3-bedroom, 1-bathroom home featuring a kitchen, living area, and carport. Potential $400 per week
Tocumwal, a highly sought-after tourist destination located along the Murray River, continues to thrive as a vibrant community for both permanent residents and visitors. With attractions such as a popular golf course, water sports, camping, holiday accommodations, restaurants, and established retail outlets, this remarkable opportunity represents a once-in-a-lifetime chance to capitalize on a growing market.