Tenanted Investment - Must be sold ($600,000-$660,000)
1265 North Road, Oakleigh, VIC 3166
RWC (Oakleigh) is excited to present 1265 North Road, Oakleigh, which will be available for public auction on Wednesday, August 23, 2023, at 12:00pm.
This property offers a renovated commercial premises at the front and a fully-renovated two-bedroom residence at the rear, making it an exceptional opportunity for both lifestyle and investment purposes.
With two separate income streams, the two-bedroom residence currently generates $21,320 per annum on a monthly tenancy, while the commercial premises returns $16,550 per annum on a lease expiring June 2026 with three further terms of 1 year each . Additionally, there is an extra $1,500 per annum from a storage room adjacent to the garage.
The possibilities here are endless. You can secure the entire building for a lucrative investment or plan to use it for your own purposes in the not too distant future.
The commercial premise at the front has been beautifully renovated and offer versatility. It is self-contained with its own separate entrance, kitchen and bathroom including a shower.
The separate two-bedroom residence at the rear, also renovated, features spacious bedrooms, a separate living area, a laundry, a bathroom, a courtyard, and a garage with access via the rear laneway. It offers ample privacy and comfort.
Situated between Warrigal Road and Dandenong Road, this property enjoys excellent exposure and access to Oakleigh Central, Huntingdale Shopping Village, Huntingdale Train Station, Chadstone Shopping Centre, all of which are in close proximity.
We believe 1265 North Road, Oakleigh is the perfect investment, ticking all the right boxes and offering location, versatility plus an array of amenity and transport options all within walking distance.
Property Features Include:
• Total building area | 130m2*
• Total land area | 265m2*
• Comprising a renovated commercial premises | 50m2...