16-20 Tooronga Terrace, Beverly Hills
Sold for $ 1,330,000
Exceptional Development Site or Investment Opportunity in a Blue Ribbon Location Building - Residence & Business - Property ID: 641525
Set in a sought after location opposite Beverly Hills Railway Station and just seconds to Beverly Hills thriving restaurant strip, this impressive 619.7m2 corner site represents an ideal and rare opportunity for either a developer looking to build a mixed residential / commercial development, or investors looking towards the future.
Currently used as 3 separate shops and 3 separate residential home units, which are always highly sought after by prospective tenants.
Located close to M5 and just off King Georges Road, this is a great opportunity for an owner occupier looking for premises to run their business from, and receive a high rental return from the remaining properties.
Current potential rental return approximately $94,000 gross per annum (exclusive of GST)
Developers will be suitably impressed as well, with current zoning allowing for a mixed commercial / residential zoning on the site (STCA).
Contact Gavin Sharp on 0411 725 812 for further details.
This is a rare offering and will sell quickly.