21 Gallipoli Street, Lathlain

Join the queue for this incredibly exciting opportunity to secure a 3/4 bedroom renovated home on a sub-dividable block STCA with two securely leased retail shops providing a passive income. All on a ¼ acre block. Either move in to a character filled home with a huge garden and passive income, or sell the block and lease the house to create an outrageous rate of return on your investment – do the math!

The House:
3 Bedrooms + your choice of Bedroom or Formal Dining Large renovated kitchen flowing into a light filled dining area Separate living room 8 Panel solar electricity Ducted air-conditioning 2 Renovated bathrooms Upgraded or replaced floor coverings and plumbing Lots of beautiful 1950’s quality styling to doors, cornices, porch pillars, high ceilings etc.
The Shops:
The two shops are securely leased as one by a Butcher to Sep 2020 with an option for an additional 2yr lease. The shops are currently connected internally to allow one large operation. Approx. 100sqm of floor space 2 toilets Right hand side shop 1 Cool room approximately 3m x 2.5m
Shop window and door to Gallipoli Street
Ridged shop awning with integral advertising hording
Left hand side Shop 2 Shop window and door to Gallipoli Street
Shop has restaurant grease trap and commercial extractor fan facility

The Land:
1011sqm R20 block with 420sqm of space behind the house for a rear block + battle-axe drive without modifying the house (subject to council approval) No major structures to be removed Gently sloping, elevated and nearly square area behind the house.
Call for details of current shop lease and house rental estimate.
Home opens as advertised. Shop viewing by appointment only.