228 & 228A Nepean Highway, Edithvale, VIC, 3196

* Flexible income streams

* Freehold title (No body corporate)

* Value add potential / Development site (STCA)

This diverse retail/residential property boasts two income streams and is located on a single title, offering the potential for added value and development (STCA).

The property is fully tenanted with a gross rental income of approximately $32,000* per year. It perfectly accommodates a residential tenant at the rear and a retail shop at the front.

Conveniently positioned on Nepean Highway, opposite Edithvale Train Station, this site is extremely visible to over 7,000* passing vehicles daily and is located less than 100m* from the beautiful Edithvale beach, making it an ideal location for both retail and residential purpose.

Key features Include:

* Two income streams

* Situated on own title with rear access lane

* Huge Development potential (STCA)

* Short-term leases allowing for flexibility and market rent reviews

* Perfect beach side location

* 258sqm* land area

For further information or to arrange an inspection, please contact:

Thomas Gordon 0456 353 432

Linda Ellis 0400 480 397

PLEASE NOTE:

* All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.

Remember to mention you found this property on CommercialReady