This property offers an opportunity to diversify your residential portfolio into the commercial real estate market. Currently tenanted to an established café business providing rental income of $24,000pa net on a 3 year term with a further 3 year renewal available. The building sits on a 167sqm (more or less) freehold site and has been re-roofed and is predominantly reinforced concrete construction. Rear access via a service lane from Liardet Street allows a staff park and discreet delivery area. A valuable Detailed Seismic Assessment (DSA) is included that provides potential remedial work required as part of the due diligence. Currently 32% NBS (Category D). The purchase price will be inclusive of GST.

By negotiation