The backyard is north facing. The slope of land is Gently Inclined. More about the land block...
 
Four Titles To Be Sold In One Lot
To be sold in one lot, this mixed-use offering on four separate titles comprises an impeccably appointed two-bedroom townhouse & three leased retail outlets plus a garage (site includes a carport & 2 car parking spaces). The immaculately presented shops of some historical significance have been in a long-term ownership with existing long-term tenancies. Together with the residential component, they show a return of $150,415.24 pa (plus GST for the shops plus outgoings). The dwelling will be sold with vacant possession but should comfortably return $26,071 pa. The total land area is approximately 705 square metres with a frontage to Bay Street of 20.7 meters making for a magnificent future mixed-use site with a three- or possible four-storey development. John Douglas of JDA Architects has created a concept plan to build ten apartments incorporating the existing shops STCA over 3 levels plus basement.
Commercial Leases:
- 423 Bay St Ginger House Restaurant commencing 1/8/2014 @ $47,000 pa. 3 x 3 Annual 3% increases. (185.5 Sqm Approx)
- 425 Bay St French Pony Ladies clothing commencing 1/6/2014 @ $29,500 pa 3 x 3 Annual 3% increases. (58.5 Sqm Approx)
- 427 Bay St
Lot/Plan No: 1/TP706510