Investment Property for Sale with 3 Year lease in Place. Tenant currently re-fitting the space.
The property located at 9 Green Street comprises two retail floors with a shared courtyard on the ground floor It is a heritage building but it’s believed council would consider a development on this site based on the status of the property.
A 3 year lease agreement has just been secured June 2023 with a yield of 11.72%.
The ground floor has two entrances from Green Street with multiple areas that can be used for seating, dancefloors or displaying merchandise.
The ground floor is not completely open plan and has large openings separating the various areas. The floors are tiled, and the space has air conditioning throughout. The walls are plastered and painted, except in one area which shows the historical building materials that were used.
There are currently two bar areas, one on each floor The first floor is like the ground floor in that it offers multiple areas with some doors or large openings separating them. The first floor offers a combination of tiled and laminated flooring.
Green Street runs from Long Street to Keerom Street, it is immediately surrounded by several backpackers, restaurants, dance clubs and bars, of which are mostly situated in older and historical dwellings.
The Company’s Garden is also within the immediate vicinity.