Nichols Crowder is pleased to present this prime bayside residential site, ideal for immediate investment with potential for future residential development.

This property includes a leaseback to Telstra Telephone Exchange on a two-year lease, providing a stable rental income of $135,000 per annum, plus all outgoings.

Enjoy future income while knowing you have a residential site suitable for building townhouses or apartments (STCA). You're acquiring at land value, with income from a AAA tenant as you navigate your future plans through council.

Key features include:

* Leaseback to an ASX listed company being Telstra, offering a rare 'triple net' lease

* Rent of $135,000 per annum with fixed 3% annual reviews

* Initial 2 year lease term + 18 month option (with 6 month break clause)

* All outgoings paid by Telstra including Land Tax and capital repair works

* Reserve Road frontage of 42.62 metres (approx)

* Located opposite sporting grounds of Beaumaris Secondary College

* Land area 1,545sqm*, zoned Neighbourhood Residential (NRZ3)

* Ideal residential development opportunity for townhouse or apartment project (STCA)

Beaumaris is a blue-chip bayside suburb that provides residents with an idyllic lifestyle being well connected to the thriving Concourse Shopping Village, various private and public schools, popular golf courses and the beach.

For further details or to arrange an inspection please contact:

Julian Vautin 0420 406 660

OPEN FOR INSPECTION:

Thursday 28th November 1pm -1.30pm

Thursday 5th December 1pm -1.30pm

Thursday 12th December 11.30am-12pm (prior to auction)

PLEASE NOTE:

* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.

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