222-222A Broadway , Reservoir

Rare Opportunity- Double Fronted Shop Plus Residence!

SOLD By Miles Real Estate. This rare opportunity to secure a double fronted retail shop plus residence in a tightly held retail strip located only moments from High Street. Significant growth and demand in the area with the most recent improvements to public infrastructure making this location desirable to developers/ owner occupiers (once the tenancy concludes) or keen investors looking to improve their income stream from the site in the medium to long term;

Key features include;
- Land Area: 559sq. metres (approx.)
- Building Area: 285 sq. metres (approx.)
- High Growth location with significant infrastructure upgrades recently made within the local area.
- Excellent 14m frontage to Broadway
- Open double fronted shop of approximately 121 sq. metres with a two-bedroom residence at the rear.
- Fantastic opportunity to reconfigure income stream and separate the shops and residence or look to land bank then improve via a re-development in the medium to long term (STCA)
- Lock up garage to be entered from the rear right of way.
- Three phase power
- Zoned commercial 1
- Currently Leased to a supermarket/ takeaway business until April 2022 returning $33,000 per annum with the tenant paying outgoings
- La Trobe university within 5km of the location
- Reservoir Train station less than 600 meters away as well as being serviced by plenty of public facilities/ services and public parking all within a short distance.

Terms: 10 % Deposit Balance 30/60/90 Days

Miles Real Estate