- Approx Floor Area: 100 sqm
- Property Type: Retail
Approx Floor Area
- Retail Square Metres: 100
- Tenure: Fee Simple
About this listing
Situated prominently at the eastern end of the main retail centre within the Lincoln Township, 5 Gerald Street comprises of a small two-storey 100 sqm standalone building that sits on virtually the whole rectangular site area of some 66 sqm. It is sited together with a number of specialty shops as part of a strip mall on one side and a large medical centre on the other, and is well serviced with free off street parking.
5 Gerald Street is currently leased to a single tenant - a Chinese takeaway who has the retail outlet on the ground floor and utilises the first level for storage (although it appears that the first level possibly had residential accommodation at some stage).
We understand the building was constructed in the mid-1970s. Although it appears in reasonably sound condition, some deferred maintenance is evident especially to the verandas and exterior joinery. The whole exterior would also benefit from painting.
Astute investors and owner/operators! A golden investment which ticks all the right boxes awaits you:
- Commanding profile
- Standalone & Freehold
- Entry level opportunity
- Development potential, with good holding income
Contact Harry Lim immediately to register your interest and to arrange viewing.
Auction 6th June 2019 from 12:00pm, Grenadier House - 98 Moorhouse Avenue (Unless Sold Prior)