Situated in a thriving and sought-after city precinct that has undergone significant ‘urban renewal’ in the past 18-24 months. Boasting dual street exposure, featuring a commanding 40m frontage along Duporth Avenue and an expansive 62m frontage along Beach Road.
Located directly opposite the Mosiac ‘Avalon’ boutique apartment development and immediately next door to recently completed ‘Rythym on Beach’ constructed by RGD

Strong holding income
Well established tenants include Coast Life Midwifery, Beach Rd Coffee and Ultra Tune.
The tenants have conveyed their interest in committing to a long-term lease, with a duration potentially extending 10 years or more.

– Recently renovated
– Holding Income $152,970* per annum
– Land Area 1,551sq m*
– Building Area 467sq m* (over two buildings)
– 21* car parks on site
– DA Approved

DA Approval:
– The Subject site shares a current DA approval with the adjoining property for 42 residential units (23 x 2 bed; 19 x 3 bed) plus 2 ground floor commercial tenancies, plus basement parking (78 on-site car parks)
– The existing (DA) can be revised to exclude the neighboring property, tailoring it to a smaller boutique-style development project.

Contact the exclusive agent Seba Sabawi 0402 324 978 for further information.

(*Approx.)