** UNDER CONTRACT ** Located in the busy main street of picturesque Ulverstone, this outstanding opportunity provides an investment mix of commercial and residential occupants, across two separate Titles at 8 and 10 Reibey Street.
In a high profile location, the properties are adjacent to the neighbouring Coles Supermarket Complex, and backs onto a large carpark and McDonalds restaurant, while also benefiting from significant main street exposure. The combined size of the two properties over the two floors, is 398sqm over 220sqm of land.
At ground level, the commercial tenancies include a quality hair salon at number 10, who is a long-term occupant with a recently renewed lease, and the recently opened iCare PhoneZ mobile phone sales and service provider at number 8, who have recently commenced on a new long term lease.
The upstairs of each building is occupied by residential tenants, with independent access from the rear of each property. The areas are well maintained and affordable, creating a great investment mix between those and the ground floor commercials.
With total rents in excess of $55,000 p.a, plus 80% of Outgoings being paid by the occupants, the spread of risk over 4 tenancies represents an excellent investment.
Listing price is offers over $1,000,000.
Please forward all enquiries to the exclusive listing agent, Colin Rowlands, of Halliwell Property Agents.