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FREEHOLD OPPORTUNITY

Less than 100 metres from a popular bay beach is this free standing building on a block of approx 590 sq metres.
It has a long term lessee in place running a takeaway food and mini supermarket business catering to local and holiday trade.
There are plenty of possibilities here. Build a residential home out the back or on top (STCA) or just collect the rent. The choice is yours. Phillip Island has it all for the permanent resident or investor. Opportunities like this are rare so make an appointment to inspect today.
The current lease expires 01/09/2019. There is a further 3 year option. The rental preceding the current and three year renewal was $15,600 or $300 per week no GST. The tenants are responsible for outgoings under the lease. The land is zoned residential with a non conforming use right.

We have obtained all information in this document from sources we believe to be reliable. However, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations. www.1stre.com.au
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Address 16 Cottosloe Avenue, Cape Woolamai
Price SOLD
Property Type Residential
Property ID 228
Category House

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Sharon Wintle

0405 575 332
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