Discover an extraordinary investment opportunity with this landmark freehold commercial building boasting surplus land, perfect for astute investors looking to maximize their returns through future development (subject to council approval). Situated at 475 Pacific Highway Wyoming, this property offers a host of enticing features that make it an ideal investment choice.
Property Highlights:
Sprawling over a prized 1,432sqm of land, this property presents abundant potential for future development.
Its strategic location next door to McDonald's ensures high visibility and a steady stream of potential customers.
The building currently houses 6 separate tenancies, providing a net lettable area of 582 sqm (approximately) and multiple income streams.
Benefit from the commercial and retail tenancies, which guarantee a stable and reliable cash flow.
The prime freehold location offers exceptional exposure to the Pacific Highway, complemented by favourable Commercial Zoning E3: Productivity Support.
Noteworthy longstanding tenants include Ministry Cafe and Indian Restaurant, Hairdresser, Beauty Therapist and Laundromat adding to the property's appeal and reliability.
Thriving within a commercial precinct that includes prominent establishments like BP Petrol Station and the Laycock Community Theatre, as well as the convenience of The Five Ways Roundabout.
Additional Features:
The surplus land with desirable commercial zoning holds immense potential for future development, subject to council approval.
Current net income stands Total income with rent and outgoings $184,158.
Outgoings are circa $48,400.
Net income circa $135,758.68pa
Floor space ratio of 1:1 and a maximum building height of 8.5 metres, allowing for flexible design options.
To explore this remarkable investment opportunity further or schedule an inspection, please contact the exclusive selling agent, Anthony Scarcella, on 0422 375 522.
Don't miss out on this exceptional investment prospect. Register your interest now!!!!
Disclaimer:
All information contained herewith, including but not limited to the general property description, price, and the address, is provided to us by third parties. We have obtained this information from sources we believe to be reliable however, we cannot guarantee its accuracy. The information contained herewith should not be relied upon and you should make your own enquiries and seek advice in respect of this property or any property on this website.