Property ID: 1P4160
8 Hunkin Terrace Nangwarry SA
Investment Opportunity in Nangwarry
Malseeds Real Estate are pleased to present for sale 8 Hunkin Terrace, Nangwarry.
This large freehold commercial opportunity of five shops, is conveniently situated in the heart of Nangwarry. With clear visibility and frontage to Riddoch Highway, the building has previously housed a butcher, hairdresser, supermarket, bottle shop, deli and a medical centre.
Set on a flat block of approx 1600 sqm, the block offers drive through access. There are multiple allocated car parks on Hunkin Terrace, along with sign posted large vehicle parking on the Laffer Street frontage. There is also plenty of parking space at the rear. One shop features a loading dock, and all shops have allocated storage, WC's and rear access. One shop includes an existing cool room and three of the shops have perfect floorboards ready for polishing.
The building itself is of solid stone construction, and the entire roof has been replaced.
The land is zoned 'Township' and allows for a mix of residential and commercial uses (STCA), and is the most versatile zoning. A conversion to satisfy the demand to accommodate seasonal workers could see great returns.
The development process of turning this commercial property into five separate residential units is already underway - just pick up where the vendors have left off!
Rental Appraisals of the proposed units are:
Three Bedroom Units - $250.00 p/w
Two Bedroom Units - $230.00 p/w
We invite all inspections and enquiries to our office on 08 8724 9999.
This large freehold commercial opportunity of five shops, is conveniently situated in the heart of Nangwarry. With clear visibility and frontage to Riddoch Highway, the building has previously housed a butcher, hairdresser, supermarket, bottle shop, deli and a medical centre.
Set on a flat block of approx 1600 sqm, the block offers drive through access. There are multiple allocated car parks on Hunkin Terrace, along with sign posted large vehicle parking on the Laffer Street frontage. There is also plenty of parking space at the rear. One shop features a loading dock, and all shops have allocated storage, WC's and rear access. One shop includes an existing cool room and three of the shops have perfect floorboards ready for polishing.
The building itself is of solid stone construction, and the entire roof has been replaced.
The land is zoned 'Township' and allows for a mix of residential and commercial uses (STCA), and is the most versatile zoning. A conversion to satisfy the demand to accommodate seasonal workers could see great returns.
The development process of turning this commercial property into five separate residential units is already underway - just pick up where the vendors have left off!
Rental Appraisals of the proposed units are:
Three Bedroom Units - $250.00 p/w
Two Bedroom Units - $230.00 p/w
We invite all inspections and enquiries to our office on 08 8724 9999.
