Located within the core of Ramsgate’s retail strip is this long time occupied freehold commercial/residential building with 2 shops and 2 residential units.
This opportunity is ideal for the astute investor looking for a multi-tenanted investment with development upside.
• 2 separate shops
• 2 residential units, 1x 2 bed and 1x 1 bed
• Undercover parking via side driveway
• Rental income of $78,598.08 pa Gross + GST*
• Long-standing tenants
• Zoned B4 – Mixed Use
• Floor space ratio of 2:1
• Value add opportunity
• Moments from The Intersection Tavern, Ramsgate Beach and opposite proposed development for residential towers and major shopping precinct and supermarket
Conceptual plans for a commercial redevelopment are also available upon request. This property is also suited an eventual owner-occupier looking to build their vision.
Contact Hayden Bennett on 0477 665 455 or Greg Carr on 0477 880 576 for more information or to arrange an inspection today!
For more details, please email agent