House For Sale Preston Ad:962011

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AUD$ 950,000

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House 3 bedrooms
For Sale
Preston
Australia

OUTSTANDING SHOP WITH
RESIDENCE IN THE
PRESTIGOUS OAKHILL
ESTATE

PRESTIGOUS OAKHILL
ESTATE
STREET FRONTAGE OF 7.4
METRES
- This tightly held hub is
rapidly becoming gentrified
with cafes and bars, with
micro-breweries and funky
diners opening in 2019
- Comprising two levels, the
ground floor being a diner
called `This Borderland`
which has become an instant
hit with its beautiful fit-out
and quality food and
beverage options and the
second level consists of a 3
bedroom, 1 bathroom
residence with the kitchen,
dining, and living area
situated at the rear of the
ground level
- Features include polished
floorboards, high ceilings,
period details, city views,
split-system air conditioning,
and rear access via right of
way with off-street parking.
- This pocket has been
earmarked by the Darebin
Council as a strategic growth
area and in turn, they have a
good focus on this area to
develop and grow
- Property values in this area
are climbing fast, so it`s your
chance to achieve rapid
capital growth
- A rare and exciting
opportunity to invest in the
North`s next big thing
- Secure 3-year lease in place
with an attractive annual net
yield of $39,183.48
- The tenants pay all
outgoings
- The shop and dwelling
could be leased separately or
as one
- Potential to subdivide the
shop and residence
- Land area of 201sqm
approx
- Commercial 1 Zoning

- INVESTORS PLEASE NOTE:
- FOR SECURITY OF TENURE
THE CURRENT TENANTS
WILL CONSIDER EXTENDING
THEIR CURRENT LEASE
TERMS

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