Prime Commercial Property with Rental Income Opportunity

Property Description: Location & Surroundings

Located in the bustling suburb of Ferndale, this prime property offers excellent accessibility to major business hubs, key transport routes, and local amenities. Ferndale is a vibrant area known for its blend of commercial and residential activity, making it a highly sought-after location for business opportunities.

Property Details

• Extent: 4,015 m2
• Accessibility: The property has direct access from Surrey Street and offers ample on-site parking and potential for future enhancements or developments.

Accommodation Description

Main Building

• Gross Lettable Area:

- Office Use: 630 m2

- Covered Entrance: 22 m2

The main building is configured for office use, providing flexible layouts suitable for various business operations.

The covered entrance adds functionality and aesthetic appeal, offering a welcoming and sheltered entry point.

Outbuildings

• Staff Bathroom & Store: 19 m2
• Covered Patio: 10 m2

The outbuildings include a staff bathroom and a practical storage space, supporting the operational needs of occupants. The covered patio is a versatile space ideal for outdoor activities, informal meetings, or breaks.

Current Tenant

The property also includes a tenant who operates a kindergarten office in the back space. The tenant has expressed their willingness to continue renting the space under the new ownership, providing immediate rental income for prospective buyers.

Key Features

• Spacious Lot: The 4,015 m2 extent offers significant potential for parking, landscaping, or additional development.
• Versatile Layout: A mix of office, storage, and ancillary facilities ensures maximum flexibility for diverse business requirements.
• Immediate Rental Income: With an existing tenant in place, new owners can benefit from a steady rental income from day one.
• Prime Location: The property’s strategic location ensures ease of access for employees, clients, and suppliers alike.

Potential Use

The property is perfectly suited for office-based businesses, mixed-use developments, or as an investment property with existing rental income streams. The large lot size also allows for future expansion or redevelopment opportunities.