7 Ireland Street, Bright
Rare Freehold Opportunity in Bustling Bright!
With opportunities to purchase commercial properties in Bright so few and far between, don't miss out on this one.
This sale represents an incredible opportunity to own one of Bright's rare freeholds.
7 Ireland street encompasses an impressive 885m2 of Prime Real Estate, fronting the Main Street of Bright along with rear access from Burke Street.
Having been owned for over 35 years by the one owner and known as Star of the Elms for the same period of time, this sale is indeed a significant slice of Brights history.
This is the perfect location in a very busy and popular strip.
The building/shop occupies a combined floor area of approximately 300m2.
At the rear of the shop stands vacant land/ car parking. The potential is enormous.
Proposed plans for further dwellings have previously been drawn - 2 x 2 Bedroom and 2 Bathroom – 4 x 1 Bedroom and 1 Bathroom- STCA.
Enter in off the front footpath to a central room with high ceilings. A two bedroom residence occupies the rear of the house, equip with a full kitchen and bathroom. This space is currently used for storage.
Please note that this is the Freehold only purchase with a lease in place to the current lessee until July 2026, with an option through to 2031.
A fabulous opportunity to put your money into bricks & mortar with this freehold investment opportunity in the ever-popular alpine town of Bright.
(Note this is the freehold only, the business is not for sale).
Further Details:
- Rental income: $39,120.36 p.a
- Renewed five year lease to July 2026, with an option for 1 further 5 year term
- Secure Tenant pays usual outgoings
- High profile Main Street site
Sit back and enjoy the income with inevitable growth in land values the area is sure to provide, then at some point in the future you can either occupy or take advantage of the upside potential.
For further information please email office@fourpeaksrealestate.com.au or call 57551249.
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$7,102
Estimated monthly repayments based on advertised price of $1,500,000.
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