Great Buy And Hold Investment Opportunity.

5 Young Street, Centennial Park offers an exceptional land-banking opportunity with strategic Mixed-Use R40 zoning in a high-growth precinct. This versatile property allows investors to secure immediate commercial leased property while unlocking premium multi-unit residential or commercial development potential down the track. Subject to council approvals.

Strategic Development Potential

- Mixed-Use R40 Zoning: Unlocks high-density development paths including ,townhouses, or integrated commercial spaces STCA.

- Premium Land-Bank Asset: Secure a footprint in a tightly held central precinct and reap the capital growth rewards as Albany expands.

- Solid Income: Currently leased on a periodical lease as four treatment rooms.

- Generous Site Footprint: The combination of site area and R40 coding provide maximum flexibility for future development Subject to council approval.

The ”Buy & Hold” Advantage

- High-exposure central location

- Reliable commercial tenancy design

- Reliable cashflow security

- Long-term equity multiplier

Facts:

Year Built: 1900

Zoning: Mixed Use / R40

Current Use: Commercial.

Block Size: 587sqm

Sewer.

City Rates:$2,280.63

Water Rates:$1,499.78

Estimated Rental Return:$635pw to $675pw

NB Rates and fees are subject to change.

NB Currenlty tenanted. Vacant possession may incur GST implications please speak to an accountant.

Property Code: 107