40/21 Wiseman Street, Macquarie, ACT 2614

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).