Located within the core of Ramsgate’s retail strip is this long time occupied freehold commercial/residential building with 2 shops and 2 residential units.
This opportunity is ideal for the astute investor looking for a multi-tenanted investment with development upside.
Features Include:
• 2 separate shops
• 2 residential units, 1x 2 bed and 1x 1 bed
• Undercover parking via side driveway
• Rental income of $78,598.08 pa Gross + GST*
• Long-standing tenants
• Zoned B4 – Mixed Use
• Floor space ratio of 2:1
• Value add opportunity
• Moments from The Intersection Tavern, Ramsgate Beach and opposite proposed development for residential towers and major shopping precinct and supermarket
Conceptual plans for a commercial redevelopment are also available upon request. This property is also suited an eventual owner-occupier looking to build their vision.
Contact Hayden Bennett on 0477 665 455 or Greg Carr on 0477 880 576 for more information or to arrange an inspection today!
*Approximate