Prime investment opportunity at a great price in a new construction mixed use development on Bridge street .Currently there is only two vacant units with the others stable after the lockdowns .This property proved to be pandemic proof with its tenancy during 2020 . The property also benefits from being granted planning approval last year to construct apartments over the large private rear parking lot , these would be projected to increase gross revenue by at least $25,000 per month . Property is currently achieving a Gross income of $300,000PA or a 5.5% gross cap rate . More information for the property can be seen on www.theislandplaza.com Full architectural plans available*Listing provided courtesy of the MLS.
Listings provided courtesy of the MLS.
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