59-63 Goldring Street

When calling, please use enquiry code 124820 Unique property with investment potential. There are 3 blocks of land with 2 buildings. Live in the house, run your business from the shop front and rent the smaller shop or live in the house and rent out both shops. Subdivision Potential. Potential rental income is $550.00 per week (GST exclusive). Which is $28,600.00 per year. A gross return of 9.8%. The Land: 3 x 506m2 lots for a total of 1518m2. Fenced on 2 sides. The first lot has the smaller shop. The second lot has the larger shop and 2 bedroom house. The third lot is vacant. Potential to subdivide and sell the vacant lot and use the easement on the neighbouring property for access to the rear of the lots with the buildings. The main building: Renovated 2 bedroom home at the rear and a large shop at the front. The shop area is approximately 90m2, it has pressed metal ceilings and includes a toilet and kitchenette. The area is divided into a front and back section and is fully air conditioned. There is a large concrete walk in safe accessible from the front section. The front of the shop has stairs and a ramp for easy access. The home has 2 air conditioned bedrooms with pressed metal ceilings. Kitchen includes wall oven and electric cooktop. The bathroom is large and has a corner vanity and huge walk in shower. The toilet in separate to the bathroom. The laundry has the original wash tub and enough room for a washing machine and dryer. The large veranda wraps around 2 sides of the house and is fully enclosed with glass louvers. The second building: The shop has a front and back section, as well as a kitchenette area with toilet and storeroom. The building is approximately 100m2. Richmond has opportunities in Agriculture, Tourism, Vanadium & Gold Mining and the new Copper String 2032 project. Secure your investment in Richmond's future growth with a fantastic residential and commercial property. When calling, please use enquiry code 124820