1712m²
326m²

Property Description

Prominence leads to prosperity

Anybody in business can see how important the correct location is.
Main Road in Glenorchy City is about as good as it gets. These two separately titled properties will ensure that opportunity doesn't just knock, it will break the door down.
Just consider, here is a long term tenanted well proportioned 3 bedroom house with a separate dining area and large rooms. That's something that will always command generous rent and be highly sought after, but included is also a large commercial workshop which has great access, and perfect for mechanical work or similar activities.
Even if you only get $450 per week for the workshop that's a weekly yield of $830 per week or a 5.7% return for a prominent main road site.
Try to beat that!
Well actually, perhaps you can, with my help.
Adjoining this site the vendors also have available another 784 sqm approx. which has a vacant shed, and shop front estimated rent of $530 per week + the $280 per week already being paid by the exisiting long term tenant.
This extra site with its high yield potential is available to the canny investor for only $650,000 extra.
Whether you buy Number 283 separately or make an offer for the two, you cannot go wrong with such a highly anticipated return in such a high profile location.

*The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information.
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Our Agent

Vlad Gala