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SAFE FREEHOLD INVESTMENT OR VACANT

693 Sandringham Rd Extension, Sandringham

Retail Property
dollar

$1,075,000 Plus GST (if any)

Floor area
172m2
Land area
136m2
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Property details

Listing # 85215 | Listed on 13 April 2022

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

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