A Rare' Gem on Latrobe Tce
- 4 Beds
- 3 Baths
An opportunity awaits the astute investor to purchase a mixed residential and commercial property in one of the highest profile locations on Latrobe Tce in Central Paddington.
Set in the middle of a very tightly held strip, surrounded by busy restaurants, cafes, bars, and businesses, this is the first time this property has hit the open market in nearly 40 years.
The property includes a retail shop (approx. 75m2) with over 6m of window frontage directly on Latrobe Tce plus two (2) x 1 bedroom and one (1) x 2 bedroom self-contained residences.
Currently fully tenanted, the property enjoys solid gross returns of more than $100k per annum (fully let).
Owner occupiers and investors alike will welcome the flexibility and potential this property presents. Hold and enjoy a solid passing income, relocate your business and residences to the premise or plan for the future of this 407 m2 site and all the benefits that the district centre zoning affords.
The residential apartments would welcome expansion, refurbishment or renovation all of these options will deliver significantly higher yields. The shop can be expanded to suit a multitude of uses.
Astute buyers should act quickly and explore what is on offer:
- Suit owner occupiers or investors
- Freehold free standing investment
- High exposure retail shop with room to expand (STCA)
- A hot spot of shops, cafes, restaurant and health services
- Three (3) km's to Brisbane CBD
- Latrobe/Given Terrace (Development Control Plan)
To be auctioned Thursday 25th May 2017 at 6:30pm In-Rooms Darling & Co
Enquiries: Max on 0411 276 372 OR George on 0403 062 062
- Air Conditioning
- Close To Schools
- Close To Shops
- Close To Transport
Do you want to find out more about this suburb? Enter your details to receive a free comprehensive suburb report.