An exceptional investment opportunity awaits with this multi-purpose property, spanning three titles and delivering flexibility, location, and long-term potential in one smart package.
This unique holding features a modern 2-bedroom apartment positioned above one street-front commercial space and one at the rear, the building is double brick with the residence built on a suspended concrete slab , this is a rare and valuable structural feature offering durability, stability, and future adaptability.
Accessing the apartment at street level via Belgrave-Gembrook Road or by the ground floor stairs at the rear of the car park, the apartment is surprisingly private and stylish, and is completely separate to the rest of the building. Inside, you’ll find an open-plan kitchen, living, and dining area with split system heating and cooling, plus a sleek modern kitchen equipped with stainless steel appliances including an induction cooktop, wall oven, and dishwasher. A cleverly designed European laundry and pantry combo provides ample storage, and the recently renovated bathroom adds a fresh, modern touch. Both bedrooms are light-filled and spacious with built-in wardrobes, while the long front verandah provides a perfect spot for unwinding or for your four-legged friends to enjoy the sunshine. There is a single lock up garage/ workshop and 2 off-street car parks at the rear on Belgrave Gembrook Road.
The two units down stairs, 1 with a shop front on McBride street have an 8 space carpark.
Positioned on a 610 sqm block, It also presents redevelopment potential (STCA), giving investors or developers, even more scope for future projects.
With an estimated rental return of approximately $1,000 per week, this property offers impressive flexibility. The configuration options are as versatile as they are valuable. Both ground floor units have a long term lease in place. The apartment on top has high rent potential.
Set in the heart of Cockatoo’s main street, the property is just a short stroll to local shops, cafes, public transport, and community amenities. Properties like this, with multi-title ownership, mixed-use capability, and future development potential, are few and far between.
This property has it all so don’t miss out - CALL TO ARRANGE A PRIVATE INSPECTION TODAY! Call Aaron Day on 0407 365 994 or Brennan Mileto 0422 996 451.
Please note: All property details shown are correct at time of publishing. Some properties may have been sold in the preceding 24 hours and we recommend that you confirm open for inspection times with the listing agent direct or the listing office.
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