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Investment Highlights
- A truly unique opportunity to acquire a fully let mixed use investment with future development potential in a superb city center position.
- Residential units have been refurbished to a high standard.
- A substantial property comprising 6 high quality 1 and 2 bed residential flats.
Executive Summary
The property comprises a period building to the front which provides office accommodation over ground and first floors. Adjoining this building is a more modern building that was originally built as offices but has more recently been converted to provide residential accommodation over ground, first and second floors providing 4 x 2 bedroom flats and 2 x 1 bedroom flats. Internally the office element of the building is currently tenanted and provides high quality office accommodation. The building has benefitted from a complete refurbishment and fit out, which includes LED lighting, air conditioning, a high quality kitchenette and a shower room. The residential flats have been developed to a high standard, with high quality kitchens and bathrooms, workstations, en suite bathrooms, electric heating systems, and generous sized rooms. Externally, there is a bike storage area and secure parking for approximately 9 cars, split 3 for the office and 6 for the residential element.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
2,170 SF
Building Class
B
Year Built/Renovated
1809/1990
NOI
$218,532
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,085 SF
Slab To Slab
10’
Parking
9 Spaces (4.15 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Storage Space
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St Georges Court | St Georges Rd
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