Fan­tas­tic re­tail/commercial op­por­tu­nity

The Gazette Real Estate - - VIEW -

With prime main street frontage and devel­op­ment po­ten­tial, this large re­tail/commercial prop­erty at 135-137 Princes Way, Drouin will at­tract in­vestors, devel­op­ers and the owner/oc­cu­pier alike.

The 944m2 premises, cur­rently on one ti­tle, com­prises two re­tail shop fronts, a 30m x 25m work­shop with ex­cel­lent stor­age, pickup and de­liv­ery ac­cess, a mod­ern two level residence and four car spa­ces. Rear ac­cess from Hamp Lane is an ad­di­tional bonus. At present the site has been op­er­at­ing as a wood­work­ing and carpentry busi­ness for 40 years and a take away food shop. Pos­si­ble fu­ture devel­op­ment (STCA) could cre­ate four shops, two fac­ing Princes Way and two ac­cessed from Hamp Lane, or al­ter­na­tively, the to­tal floor space oc­cu­pied by one busi­ness with the re­tail side at the front, fac­tory at the rear and live on the premises in a com­fort­able, spa­cious home right in the middle of town. The pos­si­bil­i­ties are end­less. Re­cently re­fur­bished, the residence com­prises three spa­cious bed­rooms, the main bedroom with an en­suite, the secondary bed­rooms with an ad­di­tional bath­room on the up­per floor, study, two liv­ing ar­eas, stylish, mod­ern kitchen and a large laun­dry. Cae­sar­stone topped cab­i­netry, in­clud­ing mul­ti­ple draw­ers, a large is­land bench and all elec­tric stain­less steel ap­pli­ances are high­lights of the kitchen.

The bath­rooms are also beau­ti­fully styled with qual­ity tiling, fittings and fixtures.

A strik­ing fea­ture is the stacked stone wall abut­ting the stair­case from the liv­ing area to the sec­ond level. Built-in robes are in­cluded in the secondary bed­rooms, a walk-in robe is found in the main bedroom. Split sys­tem air conditioning in the liv­ing area and all three bed­rooms, dou­ble glazed win­dows and an 18 panel so­lar unit with a 4.5 in­ver­tor are fur­ther features. Num­ber 135 Princes Way, Drouin is cur­rently leased by Drouin Chicken and Ke­babs, re­turn­ing $28,280 per an­num (in­clud­ing GST) plus out­go­ings.

The sec­ond shop front at num­ber 137 is oc­cu­pied by Drouin Wooden Toys and has an es­ti­mated rental in­come of $17,600 per an­num. Expressions of in­ter­est may be di­rected to the mar­ket­ing agent Graeme Arthur­son of Graeme Arthur­son Real Estate Drouin on 5625 5803 or 0418 101 690.

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