196-208 Grey Street GLEN INNES NSW 2370
$1,390,000

DESCRIPTION

Owned and managed for over 130 years, by 5 generations of the same family, is the iconic Kwong Sings commercial building. Situated in the main street of Glen Innes, successful businesses have and still continue to operate from this picturesque building. This is a substantial freehold property with the building itself spanning 2 titles (1500m2) and a land area of 4200m2. The remaining land area is currently used as a carpark, although there are opportunities to increase the current rental return by expanding with a building expansion (with Council approval) and offering remaining floor space, both ground and upstairs for tenancy. The carpark area is so large, that a rather large building lot could be subdivided and sold with Council approval. The rear of Kwong Sings has very easy access to the magnificent parklands running through Glen Innes, and a business entrepreneur with some foresight and planning, could create a superb multi occupancy living space with the right approvals from Council. There are other buildings for sale currently adjacent to Kwong Sings which could increase the flexibility and the potential for the right development company. The building may be attractive to national supermarket chains looking to expand into the New England area. * Wheelchair access * ATM attached to the building in the main street on the southern side * Shop 4 fully air conditioned * Building has it's own power transformer on site * Offering Six Figure Plus Net Returns!