This prominent corner property on Cape Road presents an excellent opportunity for investors seeking an established, income-producing commercial property with multiple tenancy streams and strong redevelopment and repositioning potential.
The property occupies a highly visible corner position on one of the area's established commercial routes, providing excellent exposure and convenient access for both customers and tenants.
The property comprises approximately 860 m2 of gross lettable area on a registered extent of 1,096 m2, configured into 12 individual lettable spaces.
Property Configuration
8 ground-floor retail units
4 first-floor converted office units
First-floor spaces offer flexibility for commercial or residential-style letting, subject to the necessary approvals
Multiple independent tenancy opportunities
Excellent street frontage and visibility
Prominent corner position
Established commercial location
The multiple-unit configuration provides an opportunity to diversify rental income across a number of tenants, while the first-floor spaces provide additional flexibility for future repositioning.
With its prominent Cape Road position, substantial land component and multiple income-producing spaces, this property represents an attractive opportunity for an investor seeking immediate rental income with potential for further optimisation.
