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38 Church St, Gloucester

$795,000 : COMMERCIAL WITH UPPER LEVEL RESIDENTIAL

4 Beds 2 Baths 5 Cars 317 m2

ROCK SOLID INVESTMENT

Dual purpose building in the main street of Gloucester providing a rent return in excess of 6% gross.  Lower floor houses professional offices which can be split into 3 different tenancies, but currently let as one.  Upstairs has 2 x 2 bedroom fully furnished flats with access from the front and rear of the building respectively. Off street parking at the rear for 5 cars is accessed from the council maintained lane.

This building presents in great order with fresh paint, new floorcoverings, appealing brick façade and large front display windows. Residential leases are currently 12 month intervals with long term tenants. Commercial section has only had 3 tenants in the last 17 years proving the appeal of this property.  This is your ideal investment property for a  self managed super fund or just a passive income producer. Details of leases and further information available from the agents upon enquiry.

Details

Address 38 Church St, Gloucester
Price $795,000 : COMMERCIAL WITH UPPER LEVEL RESIDENTIAL
Property Type Commercial
Property ID 220
Category Offices
Land Area 317 m2
Office Area 150m2

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Peter Markey

0418 633 060