471 Beach Road, Beaumaris, Vic 3193

In this desirable location overlooking the bay surrounded by trendy restaurants and adjoining the Beaumaris Hotel redevelopment this two storey investment property offers:

A ground floor shop opening to Beach Road and containing two rooms of 46 m2 with sink and WC. Currently returning $24,000 plus GST. Lease is a 5 x 5 year lease that commenced on the 1st July 2011, with annual increases of 3%.

The two storey, two bedroom plus study apartment has a sunny ground floor kitchen with Blanco appliances, separate lounge/dining room with OFP and a tropical inspired rear courtyard for alfresco entertaining. Rental potential of $20,800. Double carport from rear laneway.

Total investment return of $44,800 plus the potential of an additional income stream from Beach Road signage. Land area 222 m2 (2,400 sq. ft.). Frontage to Beach Road 6.09m (20')

John Speer 0418 326 736

Property Code: 533