This extensively renovated commercial freehold which once known as the Iconic Raglan Stores, offers the astute investor a wonderful opportunity to make the most of the two individual shops and residence on the one title!
With two commercial leases in place and the residence set to go. The potential gross rent comes in at around $53,456, offering an 8.1% return.

The three properties on offer are
115 Raglan Street: Niche studio style shop in brilliant condition. Leased at $8000 per annum ($153 per week) plus outgoings on new 12 month lease. 1 x 2 Year option with 3.5% Annual increases.

117-119 Raglan Street: Stunning shop that has been extensively renovated to an extremely high standard. Currently set up as large hair dressing salon with numerous stations, consult room, office, kitchen and staff amenities. New Lease: 1 year from settlement with 4 x 1 year options at $475 per week ($24,700 Per Annum: Plus Portion of outgoings

119B Raglan Street: Three bedroom residence in good condition with lock up garage. Ideal for the owner operator of the business in the shop or lease out and collect the income: Potential Rent $400 per week.
Total Potential Income $1,028 per week ($53,456 per annum)

The property holds a Commercial 1 Zone, which allows for numerous uses.
It's unique and flexible and a wonderful opportunity.

For a Due Diligence Checklist go to: http://www.consumer.vic.gov.au/duediligencechecklist