CBD Development Opportunity

In the heart of Bath Street, these character premises are available for acquisition. The premises front Bath Street, with parking to the side and is positioned on one freehold title of 240m² (more or less) with a floor coverage (over two levels) of circa 370m² (more or less).
The building has character features including brick masonry, exposed wooden trusses and a large open plan area on the upper level with plenty of natural light and a wooden floor. Positioned close to Lower Stuart Street, The Octagon, the new hospital build, the current owners have development plans for this site which they are happy to share. Plans include a mixed commercial/residential development with onsite parking for two cars.
Premises are currently leased, providing a holding income of $25,500 PA plus opex plus GST. Tenant is on a month-to-month arrangement. Enquire now for a full information memorandum and to arrange viewing (by appointment only).