Position your portfolio or business for success with this high-potential commercial asset located on prominent Rathbone Street.
Offering split-risk income and operational flexibility, this property is ideal for motivated owner-occupiers looking to offset costs or investors seeking an add-value play in the heart of the city.
Total Building Area: 354 sqm (approx.) comprising 258 sqm of versatile ground floor space and 96 sqm of mezzanine storage/office.
Dual-Tenancy Layout: Configured into two distinct tenancies, creating built-in risk diversification.
Existing Cashflow: One tenancy is currently returning $24,000 + GST & Outgoings per annum.
Vacant Possession Opportunity: The second tenancy is vacant, providing immediate capacity for an owner-occupier to move straight in or an investor to secure a new lease and maximize total yield.
Seismic Rating: Assessed at 40% NBS.
Properties with built-in holding income and direct upside rarely come to market in this location.
Occupy the vacant footprint while letting the adjoining tenant assist with your outgoings, or complete a targeted leasing strategy to unlock the full rental stream.
