COMMERCIAL FREEHOLD

135-137 Princes Way Drouin

Quick Summary

Location
135-137 Princes Way Drouin
Price
$0
Property Type:
Apartment
Status:
For Sale
Bedrooms:
3
Bathrooms:
2
Living Rooms:
1

Property Description

135 - 137 Princes Way DROUIN

  • Zoned – Business 1
  • One Title – 944m2
  • In the heart of town

Rare opportunity to secure a single title commercial/retail property offering main street frontage, rear access and laneway.

This established site is suitable for a developer/investor or an owner/occupier.

Development/Investment Opportunity:

Although this 944m2 commercial premises is on 1 Title, the potential for development (STCA) is excellent. Further development of this site could see the construction of 4 new shops; 2 shops fronting Princes Way and an additional 2 shops at the rear with street frontage on Hamp Lane (opposite Coles Supermarket) and adjacent to McDonalds.

Owner/Occupier:

For 40 years this site has been set up as a woodworking and carpentry business with a retail shop front; and incorporating a modern double storey residence.

The workshop measuring 30mt x 25mt provides ample space for production; has excellent storage for work tools, materials and supplies. Excellent provision for parking, pick up and deliveries.

Double storey residence comprises:-

3 double bedrooms with split system air conditioning

Main bedroom with en-suite, walk-in-shower and walk-in-robe

Double glazed windows

Feature stone tiles

18 x solar panels with 4.5 invertor

Caesar stone kitchen with stainless steel appliances

4 plus rear car spaces

Two Rental Income Producing Retail Shops:-

135 Princes Way: Drouin Chicken & Kebab returning $28,280 p.a. (gst inclusive) plus outgoings.

137 Princes Way: Drouin Wooden Toys estimated rent $17,600 p.a. (gst inclusive) plus outgoings.

This entire property is ideal for a skilled tradesperson who wants to set up their own business at the factory end of the premises; live upstairs in a spacious 3 bedroom residence, and receive additional income from two established retail tenancies.

It’s not often a unique package such as this comes up for sale!

Expressions of interest please contact:-

Graeme Arthurson on 5625 5803 or 0418 101 690

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