Rare Offering - Commercial & Residential Investment, all rolled into one! LEASE PARTICULARS: Commercial tenancy: • Term - 5 + 5 years with 3.5% annual increase and rent review at option period. • Amount - $1,550.00 per month + GST ($20,460 annually). • Lessee pays 50% of outgoings (water, rates, sewer, insurance). • Lessee pays 100% of Glass Cover Insurance. • Lessee is responsible for all kitchen maintenance costs. Residential tenancy: • Currently leased at $300 per week ($15,600 annually). • Fixed term lease until 29 February 2023. • Lessee pays electricity and gas outgoings. PROPERTY PARTICULARS: Commercial: • Maintained, solid ground floor commercial premises, leased to 'Double Shot Café' and run as a café for over 10 years. • Attractive, open seating area complimented by polished floorboards and original pressed tin ceilings. • Commercial kitchen area. • Patron amenities (1 x toilet). • Secure, paved courtyard for outdoor dining. Residence: • First floor flat, comprises 2 bedrooms with multiple reverse cycle units. • Fully equipped bathroom includes bath, separate shower recess, vanity and toilet. European laundry. • Spacious kitchen includes electric cooking. • Large living area with ornate open fire place. • Rear lane access and carport. OPPORTUNITY TO INCREASE YIELD: Opportunity to develop another 2 bedroom, 2 storey residence with rear access, subject to Council approval. Contact agents for further information.