Mixed-Use Investment Property On Main Road In Woodstock

Investment property for sale on the next strip of Victoria Road to be developed and gentrified. The property is zoned as Mixed-Use 2, meaning any buyer can convert the 1st floor into accommodation or student housing, as it is already set up with multiple rooms, showers, toilets and a large kitchen. The current zoning on the property also allows for another 2 floors of building to be added, and can go up to a height of 25 meters. There is a national tenant on the ground floor that originally had a 3-year triple net lease and has renewed for another 3 years, they are doubtful to ever vacate the premises due to licensing and the tenant pays for rates, utilities and insurance on the building. Please enquire about rental income and information on the Yield. The first floor has just been renovated and cleaned up, ready for a tenant or owner-occupier to move in.

Victoria Road is primely positioned in the central and rapidly accessible part of Woodstock near trendy and new developments such as the impressive Woodstock Quarter, St Johns Clinic, and The Ironworks. Victoria Road is within walking distance of Woodstock Station and is utilised by all modes of public transport. The area is also easily accessible via the N1, N2 and M3 highways. For more information on this property or other options in the area, please give me a call.