Corner Site in Botany - Boarding House Rooms + Retail
1385 Botany Road Botany
This corner site property offers the rare opportunity to secure a well performing multi-tenanted investment with upside site in the heart of the growing suburb of Botany. This asset presents its new owner with the potential to occupy the ground level retail/commercial space and enjoy significant income from the above boarding house. Alternatively, an astute investor will have the opportunity to add value to this asset by securing a tenant in the ground floor retail space and increase revenue from the boarding house with some cosmetic upgrades.
10 Boarding House Rooms 330sqm (approx.) of retail/commercial space 3 Street frontages Rear lane access 4-5 off-street car spaces Boarding house income: $141,400 (100% occupied) Estimated retail/commercial income: $103,950 + GST Estimated total income potential: $245,390 + GST Potential to increase annual income with cosmetic renovations Perfect to occupy and supplement income or invest
Land Area: 400sqm (approx.)
NLA: 660sqm (approx.)
Car Spaces: 4 - 5
For further information please contact Alex Bennett on 0439 646 997 or Charlie McKenzie on 0416 833 118.