Fantastic retail/commercial opportunity
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.