A historic commercial building plus residence in excellent condition located in a high exposure section of the business precinct of the ever popular Rutherglen. A most secure investment opportunity.
LOCATION
143-145 Main Street, Rutherglen. Map reference – Melways 306 F4
TITLE DESCRIPTION
Lot 4 PS302737
Vol/Folio 10014/368
PROPERTY DESCRIPTION
“Graham’s Building” divides into two (2) distinct categories being, firstly, two (2) individual commercial/retail premises with direct frontage to Main Street, Rutherglen and, secondly, a modern two (2) bedroom townhouse style residence with separate access. The property is currently merged together but could divide as to commercial and residential requirements. The property is of solid brick construction and presents in excellent condition.
COMMERCIAL PREMISES
a) Well-presented modern commercial/retail premises with 6.8m frontage x 12m (81.6m2) with open light, tiled floors, high ceilings with downlights, and ornate ceiling lighting. Access from Main Street. Shared amenities.
b) Slightly smaller commercial/retail premises with similar features as previous premises plus small sink kitchenette area. Shared amenities.
Both premises are currently vacant and stand ready for fit out to suit an incoming business. The premises are adjoining by a solid doorway between each that allows for both premises to be used conjointly.
RESIDENCE
An excellent two (2) bedroom apartment/unit offering comfortable lounge with open fire place, electric kitchen, large bathroom, separate toilet, tiled floors throughout and double lock up garage with roller doors. Attractive garden, lawn and courtyard area compliment this quiet, secluded, well maintained residence. Separate access.
REMARKS
“Graham’s Building” has, for some time, been leased with a retail clothing enterprise operating form the premises. The property has been leased as a whole with the residence being incorporated in the overall lease. The combination of the retail premises and the residence offers several opportunities to a prospective buyer in that the property stands, firstly, as ideal for an owner occupier to use all facets of the property or alternatively the property can be leased out in the three (3) different facets available or any other format that may be required. The quality of every facet of “Graham’s Building” will ensure that the property will attract good interest from a wide range of prospective lessees.
For full details of prospective returns from the property, discuss with Bart Hanrahan.
DISCLAIMER: Whilst every care is taken to supply accurate information our company cannot be held responsible for any incorrect information.
Property Code: 1012
