Retail Investment with the potential to go up!
98 Longueville Road Lane CoveA retail arcade containing 6 tenancies with frontage to Longueville Road and backing onto Little Lane and a Council Car Park. The property has previously had Council approval for the addition of a second floor. Although lapsed application could be made to have the approval reinstated STCA.
The property is located on the Eastern side of Longueville Road approximately 200m from Epping Road. The arcade is fully leased.
There is also the option of gradually obtaining Vacant Possession to the entire ground floor facing Longueville Road to create one (1) large shop of approximately 150m2. An internal staircase could connect to the first floor giving an area of up to 300m2.
Gross Income approximately $157,600.
Net Income $144,971 + GST.
Information Memorandum available upon request.
Please contact Exclusive Sales Agent Mark T Smith 0418 523 007.
- 221 sqm (approx)
- 195 sqm (approx)