11-13 Johnson Street, KIAMA DOWNS

overview

  • House
  • Sold
  • 2

Description

COMMERCIAL SHOPS & RESTAURANT + DA
This great investment opportunity is yours to capitalise on in the future with so much scope to improve value and effect a great return. The property now offers 5 shops in an arcade with dual street access as well as a huge restaurant/function centre upstairs. With 4 tenants currently in place, there is DA approval to , construct 3 new units upstairs. Currently under one title, there is also opportunity to have the properties strata titled through a strata subdivision enabling the individual sales of each property as a freehold (Subject To Council Approval).
Ground floor 5 x shops with mixed tenancies
1st Floor vacant reception centre / restaurant
Car park opposite & rear lane servicing
Current DA Approval for units & office on 1st floor
Potential for strong annual gross return
Located right opposite the popular Jones Beach, close to the Kiama Golf Course and the Minnamurra River and set amongst established business for the area, this property is ripe for a fresh start!

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