Situated in the thriving Balgowlah Shopping strip and a few metres to the New Stockland Village Shopping centre this blue ribbon property is the ideal investment. It offers tremendous development potential with a land size of 925 sqm and commercial zoning. The building comprises 2 shops at street level and 5x2 bedroom units with 2 huge lock up garages and 5 designated parking spaces. The property has been consistently returning in excess of $130,000 per annum with the garage always used by the owners and never leased. (Please note that one of the shops is currently vacant.) Held in the one family for two generations it is the first time it has been offered for sale and represents a prime holding for the future development of Balgowlah, particularly the amalgamation of neighboring properties in years to come. Inspections are strictly by appointment. Please contact Yorick on 0413 739 974, or Gordon on 0411 755 160 to arrange.