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6
Bedrooms
3
Bathrooms

Property Description

EASTERN SUBURBS PRIME FULLY LEASED INVESTMENT

Outstanding location within the Clovelly Village neighbourhood shopping centre.
Three (3) x Retail/Commercial/Residential terraces on one title - fully leased.
Held in the one family since its construction, 197, 199 & 201 Clovelly Road offers an absolute prime and unique opportunity for long term investors, future owner occupiers and developers looking to capatalise on this fantastic location. The property offers scope for potential reconfiguration, renovation or possible development (STCA). Multiple income streams in place for the separate lease of the three (3) terraces.
- Perfectly positioned to access Clovelly Beach and the surrounding strong beachside locations.
- Three (3) separate two (2) storey terraces with North facing rear yards.
- Medium term lease profile to 2021.
- Strong rental return with a current gross annual income of $185,475.00 + GST (approx.)
- Site area of approx. 398m2 with a frontage of 13.17 metres (approx.)
- Zoned B1 Neighbourhood Centre.
Rare opportunity to secure prime multi-use property in such a quality suburb as Clovelly.
Inspect: Tuesdays & Fridays 11:00 - 11:30am.