Positioned on Eastland Drive in Ulverstone, this property is currently tenanted by a cafe/takeaway that caters to the significant daily traffic in and out of Ulverstone, to Devonport and beyond. It has a 3 bedroom home to the rear, both internally and externally accessible.
The commercial space is approximately 96sqm, is large and open plan, with equipment belonging to the property including commercial fridges, freezers, deep fryer, cabinetry and bench tops, food warmer, sinks, a-frames and more.
The residential area has both joint and separate access from the commercial section, offering three bedrooms, lounge, walk through bathroom and separate toilet, and two storage sheds/garages to the rear on a substantial block, suitable for development should the property become vacant (STCA).
The Title measures approx. 1,088sqm and also contains several sheds/garages, leased to the current occupant.
Listing price is $419,000, which includes all commercial equipment etc in the property (not all in photos; list available on request), which is of significant value.
The tenant has recently signed a 2 year lease. The rent equates to a 6.58% net yield on listing price.
Contact Colin Rowlands at Halliwell Property Agents for more information or to inspect.
For more details, please email agent