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407 Humffray St N, Brown Hill

$1,850,000 to $2,035,000

Great Investment Opportunity, 2 Shops & 5Bed house with approximately 1855m2 land

Freehold for Sale

Inspections by appointment & please direct all inquiries to Andrew Johnson

With respect to the price range it is +GST if applicable.

This is an opportunity to own a property that has great potential for the future and has an existing mixed use business (i.e. a going concern), a clothing shop (i.e. new tenant) and has a residential house behind which could be rented out in the future if required.

Great Future Development Potential (STCA), initial plans considered by Vendor for 3 Townhouses (ie. 1 x 3Bed & 2 x 2Bed, see attached preliminary plans), maybe a chemist or medical centre is possible, the options are yours to explore so give a local town planner or even the local Council a call to discuss the implications of what you want to achieve against the local planning scheme as part of your due diligence.

Mixed Use Business is a going concern with the tenant looking to negotiate a new lease, potentially a 3 x 3 x 3 year with a new owner.

Clothing Shop (i.e. 3 year new tenancy commencement date 01/04/2021, further terms 2 x 3 years).

Residential House - Master Bedroom with ensuite (Spa Bath, Shower & WC) & WIR, Open Kitchen, Dining area & Lounge, additional small lounge, 3 Bedrooms with BIR, 5th Bed/Office off dining area, Bathroom (i.e. Shower, bath & WC), separate laundry, 2 Car Lock up Garage.

Approximately 1855m2 Land

Buildings Areas approx. are the Shop 240.2m2, Clothing Shop 65.3m2 & Dwelling 160.2m2

Frontage: 27.39m

Depth: 50.29m/irregular

 

Details

Address 407 Humffray St N, Brown Hill
Price $1,850,000 to $2,035,000
Property Type Commercial
Property ID 3
Category Retail
Land Area 1,855 m2

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