For Sale by Deadline Private Treaty, closing 4:00pm, Wednesday 20 November 2019, L3/50 Kitchener St, City.
Located within a bustling retail centre, this fully leased property is an ideal opportunity to invest at an affordable price in a location with imminent growth.
Set on the sunny eastern side of Dominion Road in an elevated position, this 387m² freehold land parcel is favourably zoned Business Local Centre allowing for commercial and residential uses up to 18 metres.
The property is surrounded by cafe, restaurants and community offerings including convenience retail, real estate agencies and pharmacy all about 100 metres from a busy arterial intersection.
The 1970's constructed improvements consist of a well presented two level 291m² building divided into four tenancies. The tenancy mix is of retail and smaller office uses with a total rental of $66,521 net per annum.
Affordable properties in city fringe locations are a good investment, contact now for further information.