FOR SALE 5% NETT RETURN 40-44 Carlton Parade CARLTON
13 UNITS TO BE SOLD IN ONE LINE | FOR SALE 5% NETT RETURN
BETTER THAN MONEY IN YOUR BANK!!
HT Wills is proud to offer for sale "Burnham" for the first time in 20 years.
A landmark property in the heart of Carlton. Located directly opposite Carlton railway station and within the shopping centre "Burnham" occupies a prominent corner location with massive exposure.
The property is in excellent overall condition and has potential to further increase by 10% through minimal refurbishment. Future development potential ( S.T.C.A.)
"A solid cash flow is generated from this property that presents in excellent overall condition."
13 residential units (a mix of studios, 1, 2, and 3 bedrooms)
4 retail tenants (barber, hairdresser, convenience store and cafe)
1 large store room (leased to engineering firm)
Land size 474 sqm