Private Sale - Sale By Negotiation
This is a rare and exciting opportunity to secure the freehold of the iconic St Andrews General Store complex! Undoubtedly a great investment (5.5% Return Per Annum) and with secure income under a commercial lease, with options to run until 2028, the potential here is outstanding.
Currently leased on site is the local Australia Post outlet, a general mixed business store and Folk Alley cafe complete with a beautiful brick-paved alfresco dining courtyard. The rear of the building presents an attractive self-contained, 2-bedroom mud brick residence.
The huge, (approx. 1686m2 ) , allotment provides more than ample parking area, includes gardens and a large shed, with a vast proportion of the property brimming with yet untapped potential. Central to the St Andrews community and holding immense local value - now is the time to act!
- Freehold Only for sale.
- Huge potential on a substantial 1686m2 approx. allotment
- Area Under Roof Approx. 200m2
- Commercial Lease in place with ongoing rental return
- Leased as a general store, post office, cafe and attached residence
For more information and to arrange an inspection outside open times please contact the agent.
Richard Stepney 0408 347 930