We are thrilled to offer an outstanding commercial property located at the prominent corner of Dorothea Street and Boulder Road. This is your chance to secure a prime piece of real estate with exceptional development potential and immediate income generation.

Key Features:

Prime Corner Location: Positioned on a high-traffic corner block of 1087m² on bustling Boulder Road, this property benefits from unparalleled visibility and accessibility. It’s directly across from the brand new Heatleys site, ensuring increased foot traffic and prominence.

Zoning: Recently rezoned to Service Commercial, this property offers a range of possibilities for various business uses and development projects.

Established Tenants:

Front Unit: Leased since 2024 on a two year lease for $23,409.96 per annum, plus GST and outgoings. This long-standing tenant provides stability and reliability.
Rear Unit: Occupied since November 2024 and signed a 3-year lease in for $23,633.40per annum, plus GST and outgoings. This long-term tenant offers a secure and predictable income stream.
Investment Details: Priced at $500,000, this property offers a solid return on investment. With a combined annual rental income of $47,043.36 (excluding GST and outgoings), the estimated ROI is approximately 9.4%. This attractive yield underscores the property’s value as a profitable investment.

Development Potential: With long-term development in mind, this location is ideal for future projects. Meanwhile, the existing setup allows you to grow your business with the added advantage of rental income.

Investment Advantages: The dual benefit of current rental income combined with significant development potential makes this property a rare find. It’s a strategic investment opportunity that promises both immediate returns and future growth.

This property offers a unique combination of strategic location, income potential, and development opportunities. Don’t miss out on this chance to own a valuable asset in a thriving area.

Contact us today for more information and to arrange a viewing. Act fast—opportunities like this are in high demand!