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This is a very interesting property situated just one street block out of the middle of the Augusta town. As the property has a Town Centre zoning, on the one block is a quality brick and tile residence plus an income producing commercial tenancy.
The residence is a spacious three bedroom, two bathroom home with a large open living area which combines lounge, dining and kitchen. The bedrooms are all big with plenty of room to walk around the bed. The bonus is the large office already set up with phone, fax and data lines.
This is a corner lot and while the front access is from Ellis Street, the owners have a double garage fronting Allnutt Terrace. The rear yard is not large but has established lawn and gardens. There are small gardens around the front of the home. An easy care property.
At the rear is a separate 127sqm commercial premises (constructed from brick the same as the home) with a six car bitumen parking area. This section is subject to a tenancy that is producing income with 50% of the property outgoings paid by the tenant.
This property has a range of uses -
1. Pure investment. The Town Centre zoning gives the opportunity to let the residence on a commercial basis as well as the rear tenancy.
2. Part investment. As the current owners are doing, live in the home and receive an income from the commercial tenancy at the rear.
3. Pure residential. This property is well suited to living in the home and using the rear section as undercover storage for a range of vehicles and big boy's toys.
The property has been well built and is currently in top condition. This is a rare opportunity to secure a property with solid future potential.