174 Weatherall Road, CHELTENHAM

Magnificent 3 Bedroom Townhouse with Bottle Shop Investment

Axis Property is pleased to offer for public auction this beautifully presented 3 bedroom townhouse with Bottle Shop investment.

Located in the central Cheltenham/Beaumaris, set in the boutique retail Weatherall Shopping Strip and opposite the family favourite Cheltenham Recreation Reserve. This property is only a short walk to schools, the beach and all desired amenities that the area has to offer.

On this land of 210 metres squared (approx.) is a boutique retail Bottle Shop, beautifully designed 3 bedroom townhouse, rear laneway access with garaged parking for 2 cars and further potential to add value (STPA).

Plans for an apartment above the retail that has previously been approved by Council add another element to what is already a fantastic proposition.

The architecturally inspired townhouse provides the outstanding opportunity for occupation or as an investment. With stand out features including 3 large bedrooms, 2 modern bathrooms (main with bath), light filled lounge/dining, well appointed kitchen with modern finishes, rooftop decking (with amazing views), balcony plus courtyard and secure parking - we challenge you not to fall in love at first sight.

The boutique retail Bottle Shop provides the flexibility of a consistent rental return of $20,877.72 per annum excl GST on a secure 3 year lease. The tenant pays all applicable outgoings and leaves you with a no hassle high yield income.

With a potential rental return of approximately $650 per week for the residence, coupled with the stable retail income, a total income of circa $55,000 per annum on a fully leased basis will make your decision to purchase an easy one.