In a prime location this residential property is partitioned into three one bedroom self-contained flats. Each flat has its own external access and fully tenanted. The land is zoned commercial on a cross lease title with 1/4 interest in 1,636m2 (approximately 745m2). Located in the Richmond business district this older building in need of renovation lends itself to a variety of options. Continue with the current tenancies, or refurbish the flats to realise the rental potential. Explore the redevelopment of the property to capitalise on the commercial zoning.

• A residential building in commercial zone currently rented to three tenants

• Adjacent to the Richmond Mall

• High traffic Salisbury Road location

To be sold by auction at Bayleys Nelson, 288 Trafalgar Street noon 27th July 2021