Versatile tenanted property

Discover an exceptional investment opportunity in the heart of Newton Park. This prime property is now available for sale with a reduced price. Boasting a generous total lot size of 1050 square meters, this tenant-occupied space offers remarkable potential for savvy investors and business owners alike. The tenant is a school with a current lease agreement in place until March 2025. Consent use to operate a school is in place. The current zoning for the property is residential but can be rezoned for various commercial purposes.
Encompassing a total build area of 273 square meters, the property consists of six well-appointed rooms perfect for office or school use. Additionally, there are seven toilets to cater to staff and students needs. The current use as a school highlights its versatility, ensuring seamless adaptation to a variety of commercial purposes. With residential zoning, the possibilities for development or repurposing are endless. With great visibility , it would work nicely as a used car dealership once the correct zoning is in place.
Key features that enhance the appeal of this unique property include a storage room for essential supplies, an onsite daycare to accommodate working parents, and a children's playground to support a family-friendly work environment. Situated on a corner lot along a busy road, this property enjoys high traffic and excellent visibility, ideal for any thriving enterprise. Its strategic location provides easy access to nearby shops, shopping malls, and public transportation, including buses and motorways, ensuring convenience for employees and clients.
Additional security is guaranteed with an alarm system in place, offering peace of mind and protection for your investment. Don't miss this opportunity to acquire a well-located, adaptable space with significant potential in a burgeoning commercial segment. Contact us today to arrange a viewing and discuss the possibilities for this superb property in Newton Park.
Viewing by appointment