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Two Shops and a Residence in Lindisfarne Village

42 Lincoln Street, LINDISFARNE, TAS

Expressions of Interest

  • Type Other
  • Land Area 617m²
  • Building Area 338m²

Two Shops and a Residence in Lindisfarne Village

42 Lincoln Street, LINDISFARNE, TAS

An exciting opportunity has become available to purchase this mixed use holding with two retail shops facing the main street on Lincoln with a residence to the rear. The home offers three bedrooms, one bathroom and a garage area underneath including substantial storage, which may be a valuable use of space for the shops
in the future for Owner occupiers.

Zoned as General Business, with a combined Gross Annual Income of approximately $48,150 with a small increase due in December, the leases are current with Shop 1 having a lease expiry in October 2020, Shop 2 has a lease in place until December 2019 and the residence has a lease until March 2019.

Both Shops 1 and 2 have basic kitchenette amenities with a shared toilet amenity to the rear.

Shop 2 may have the future potential to separate the tenancy into two being the larger of the two shops with two street front entrances.

Shop 1 approximately 47m2

Shop 2 approximately 105m2

Currently both commercial tenancies contribute to the outgoings; land tax, council rates and water service charges.

Lindisfarne Village is a high growth area and the astute investor could further grow this portfolio to generate higher returns by a little modernizing and imagination. A fantastic long-term investment opportunity is waiting for you.

Call us today to arrange an inspection!

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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