59 Edith Street

Calling all commercial and residential investors this is an outstanding opportunity to secure a tightly held main street property offering strong returns, long-term leases, and diversified income. Ideally positioned in the heart of the town's main street, this mixed-use asset delivers a gross annual income of $57,600 with approx. $8,000 in annual rates, resulting in an attractive net yield of approximately 6.6%. The ground floor commercial tenancy is leased to a well-established nail salon under a new 3 + 3 year lease, providing excellent income security. The premises feature a modern, renovated shopfront with approximately 169m² of floor space, including multiple private treatment rooms, staff amenities, lunchroom, and toilet facilities. Above, the residential component is leased under a two-year head lease and comprises two separate dwellings across two levels, each offering: Four bedrooms Kitchen, dining, and living areas Bathroom facilities The entire building is fully air-conditioned, ensuring comfort for both commercial and residential tenants. Set on a 391m² land parcel, this property represents a rare chance to acquire a high-performing investment in a location where main street commercial assets seldom become available. With secure leases already in place and multiple income streams, this is an ideal addition to any investment portfolio. Enquire today to receive further details and arrange your inspection.