The subject property is located at 693 Sandringham Road, Sandringham comprising 136m² of Freehold land and approximately 172m² of solid building over two levels. The property has an 85% NBS/earthquake rating.
The property includes an upstairs two-bedroom apartment which was built in 2001. On the ground floor is a retail shop which has been run as a convenience store for over 20 years. Both tenancies create a cash flow of $56,000 per annum.
The property can also be purchased with vacant possession with a settlement between three-six months.
Instructions are clear, this property must sell.
KEY FEATURES:
- Freehold retail/residential investment
- 85% NBS/earthquake rating
- Vacant possession option
- Growth area on good street