99 Grant Street ALEXANDRA VIC 3714
$565,000

DESCRIPTION

Here is an excellent opportunity to acquire a well presented, securely leased freehold including a 2 bedroom plus study upstairs apartment located in the heart of bustling Alexandra.

The newly renovated upstairs apartment offers 2 two good sized bedrooms plus study, open plan living area, kitchen with dishwasher, electric cooktop, split system & laundry facilities. The apartment also has new blinds, flooring & paint throughout.

The land is a total of 503.91sqm approx. with off street parking for 6 cars, courtyard & garden shed via a wide side laneway.

Large retail space over 162.10sqm (approx.) which is high visibility in the centre of a busy shopping precinct offering a brand new rear extension with rear roller door access, kitchenette, office facilities, two split systems and disabled bathroom facilities.

Key attributes of the property include:
* Upstairs two bedroom apartment currently rented privately at $11,960 pa ($230 per week) on a periodic tenancy
* Commercial space securely leased on 2 year lease with an option of two further terms of 2 years
* Commercial Income: $17,200 pa ($350 per week)

This property offers a fantastic investment opportunity with the scope for increased rental returns whilst securing a premium property in the heart of this growing country town.