MULTI-TENANCY RETAIL OPPORTUNITY WITH HOLDING INCOME
Positioned on a prominent 726sqm* corner site in Norman Gardens, 2 Bruigom Street presents a flexible commercial opportunity for owner-occupiers and investors alike.Comprising three separate tenancies, the property provides the opportunity for an owner-occupier to establish their business within one or both of the vacant tenancies while benefiting from existing rental income, or for an investor to lease the remaining areas and create a multi-tenanted investment.
Property Features:
- 726sqm* corner allotment
- Approx. 244sqm* total NLA across three tenancies
- Tenancy 1 – 141sqm* vacant retail tenancy with cold room and kitchen provisions
- Tenancy 2 – 41sqm* vacant retail tenancy
- Tenancy 3 – 62 sqm* leased to an established fish and chip shop until April 2027
- Existing rental income of approx. $11,255.13* p.a. + GST + 26% of centre outgoings
- Shared toilet amenities
- 10 off-streetcar parks
- Flexible opportunity to owner-occupy, invest or combine both strategies
With two vacant tenancies providing immediate flexibility and an existing tenant generating holding income, the property offers an excellent opportunity to secure a versatile commercial asset in Norman Gardens.
Contact Jonathon Offord today for further information or to arrange an inspection.
*Approximately.
Features
General Features
- Land Area: 726 sqm
- Commercial Type: Retail
- Building Area: 244sqm
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