First National JXRE proudly present this rare opportunity. An unbeatable investment proposition, this gold-class offering incorporates two leased shopfronts together with the added benefits of two upstairs apartments and bonus signboard income.

This unique freehold opportunity offers a two level retail / apartment building which is ideal for all buyers. The property features include:

* Flexible building with 2 retail shops and 2 fully renovated apartments
* Gross building area: 515sqm (approx.)
* Site area: 335sqm (approx.)
* Commercial 1 zone
* Rear laneway access with onsite parking
* Profile building and location - 40,000 cars pass the site daily

Currently recognized as Love Laundry and Sunny Daisy Tie Dye, the two shopfronts include the launderette that boasts an open space for customers and a rear storage room and toilet facilities currently returning $29,801pa. The adjacent tie dye store is configured to include a large retail store with laundry facilities at the rear, along with a toilet and returns $29,172pa.

Four car spaces can be found at the back of the sites, while the upstairs apartments each contains three bedrooms, accompanied by a designated study room, bathroom, open plan kitchen, living and dining plus a balcony. Currently tenanted Unit 1 enjoys a rental return of $36,000pa, while Unit 2 is utilised by the owner and offers a potential rental return of $39,000pa.

Adding to the investment allure, the existing signboard provides a return of $14,000pm with the entire offering adding up to a current return of $109,000pa approx. with potential to lease out Unit 2 to increase the total offering to $148,000pa approx.

Perfectly placed to enjoy excellent vehicle and foot traffic, corner next door to Holmesglen Private Hospital and Foodworks Supermarket, meters from Tucker Road Primary, Holmesglen Institute, Moorabbin Reserve and Moorabbin Station, near Bentleigh Secondary, GESAC, Southland Shopping Centre and Nepean Hwy.