Description

A rare opportunity to purchase a central Arundel property in Wrights Place, adjacent to Brisbane Road.

The land sits on a high 1500* sqm block with the building incorporating 3 tilt slab units for a total of 730* sqm

With 2 of the 3 businesses nearing retirement, the purchase will allow an astute investor or owner occupier to re-lease the units at market rate, or conduct your business here in Central Arundel with holding income from the remaining tenant.

Key Features:
• 1,500* sqm Land.
• Frontage approximately 36 m*
• 730* sqm tilt slab building
• 3 tenancies (195*sqm, 245*sqm, 290*sqm)
• Lease for 195* sqm expires October 2025
• Larger tenancies departing 2024
• Outgoings only $14,576*
• Nearby sales are achieving $5,000 to $5,700 per m2

For information and inspections please contact the Local Agents at GCCRE

Keith Twist 0416 269 753
Steve O'Connell 0455 044 813

Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.* Approx