For a set-and-forget investment opportunity in an always bustling location directly opposite the envied Capel Sound Foreshore, this 202.60 sqm (approx) shop along this much loved shopping strip presents a solid prospect with dual access off Capel Ave opening up other incredible options (STCA).
Currently leased to long-term tenants operating Rosebud Mowers & Chainsaws and generating $2,450 per calendar month plus all outgoings in rental returns with a 5 year lease with 2 x 5 year options in place, this absolute beachside location surrounded by cafes, restaurants and take-aways would be ideal for any number of ventures long into the future, promising an always lucrative outlook.
The exisiting floorplan comprises reception desk in the shop front, which flows through to a large workshop in the rear incorporating an office, kitchenette/break room, staff toilet and rollerdoor opening to the side street.
Solid brick and very sound, this exceptional foreshore location within footsteps to the sand would also present a prime position to build upper-level offices or contemporary beach apartments (STCA), drawings available, in sync with some of the surrounding businesses to rent out for additional money-making potential or sell as luxury beach accommodation.
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