Known as the "Victoria Arcade" and positioned in the centre of town is this commercial investment opportunity. The Arcade, situated on two titles comprises of 7 stores, 4 of which face Commercial Road. All shops are currently leased with a combined net income of approx. $32,881.74 per annum (Excluding GST and outgoings).

Rarely does a property of this calibre come onto the market, do not miss this opportunity to acquire a well performing commercial asset in the heart of town.

First Title:
239-241 Commercial Road
Situated on its own individual title, 239 Commercial Road, comprises of three fully leased tenancies with two having main road exposure. This building retains significant heritage appeal with its original bull nose veranda still intact. Currently returning $13,890 pa (Excluding GST and outgoings). Adjoining the Victoria Arcade, this site has shared amenities and an open sitting area.

Situated on 415 square metres of Commercial 1 Zoned land, this property is surrounded by ample parking and has rear lane access off Commercial Lane.
Asking: $270,000


Second Title:
243-245 Commercial Road
Comprising of four fully leased tenancies, 243-245 Commercial Road is currently returning $18,990 pa (Excluding GST and outgoings). Two of the four tenancies have Commercial Road frontage with the remaining two tenancies located off an undercover walkway along with shared amenities.

Situated on 609 square metres of Commercial 1 Zoned land, this property is surrounded by ample parking and has rear lane access off Commercial Lane.
Asking: $250,000

Combined, these two properties present a unique opportunity. With a combined net rent of $32,881 per annum and situated on 1,024 square metres of land, 239-245 Commercial Road offers a 6.32% (nett) return.
This is a huge opportunity to invest in a prominent commercial property on the main street! Contact us today for more information 03 5182 5611