Property ID: 8410932
Ideally located opposite Green Square’s upcoming library and plaza development, this dual-level cafe plus residence freehold building occupies a peaceful corner position within a short walk to the train station.
It consists of an established street-front cafe complete with seating for up to 20 people and approved outdoor dining area, a fully equipped commercial kitchen, preparation/storeroom, service area and outdoor toilet.
On the upper level is a generous one-bedroom apartment in great condition with high ceilings, gas kitchen and a large rear terrace. There is also a private back garden with access from the side street.
With three street frontages and a high standard of appearance, this is a solid investment opportunity with current rental returns of $41,413.52 gross pa and possible future redesign (subject to Council approval) to increase income.
|R&H Suburb SummaryHouses|
|Number of sales||15|
|Median Rental Price||$890 p.w.|
|Change in Rental Rate (5yr)||56 %|
|R&H Suburb SummaryUnits|
|Number of sales||279|
|Median Rental Price||$690 p.w.|
|Change in Rental Rate (5yr)||26 %|