Discover a lucrative investment property with approved plans for a multi-unit development.

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Key Features: • Secure Tenancy: Enjoy a stable rental income with a 3+3+3-year lease and an established tenant. • Strong Returns: Benefit from a current annual rental of $27,000 (plus GST and outgoings) with guaranteed 5% annual increases. • Development Potential: Leverage the approved plans to build two apartments on top of the existing shop, adding significant value to your investment. • Convenient Location: Situated in a tightly held retail precinct near Cranbourne Train Station, this property enjoys excellent accessibility and exposure. Property Details: • Land Area: 233m² • Building Area: 111m² • Commercial Zoning: C1Z (Suitable for various uses) • Amenities: Gas connection, grease trap, 3-phase power, separate kitchen, security roller door, ample street parking, and right-of-way access. Don't miss this opportunity to secure a property with both immediate rental income and long-term development potential. Contact Antonio Di Petta Group or Di Petta Group today to schedule a viewing. Tel: 0410 665 703