Property Details: • Type: House

• Bedrooms: 3 • Bathrooms: 1

Description: Imagine having access to an iconic East Griffith commercial property From its early days 12 Probert Avenue has always had an enormous amount of potential, with long ago dreams of ice-skating rinks and pubs to the numerous businesses it has housed in its colourful past from doctors' surgeries and butchers to cafes, function centres and restaurants, this predominate piece of Griffith's commercial history is now available for investors to realise their dreams. A standout amongst the East Griffith shops this property is unparalleled with its location, surrounded by well established businesses, schools and residential properties you'll have the freedom to expand on its unique street appeal. Currently housing multiple eateries with commercial kitchens, bars, cool rooms, bathrooms and an incredible amount of storage, you'll find 3 stories of return opportunities. There's the basement level with cold storage, then on the street level, spruce up the arcade and provide a space for a bevy of industries, and to top it all off, find a 3-bedroom residence with a rooftop garden overlooking the East side of Griffith. Deliveries are simple with back lane access via Probert Lane, where there is also ample parking for both business owners and residents. What would you do with this extraordinary amount of space where retail, offices, cafes, and restaurants are always welcomed into the neighbourhood? This is an incredibly rare chance to purchase a piece of commercial property with massive potential, and where the opportunities really are endless. - Prime East Griffith location - Back lane access and complex carpark - Ideal commercial space for emerging new business - Upstairs three bedroom apartment with balconies - Zoned B1 Neighbourhood Centre SHOP 1 - Currently leased to the 17th of September 2026 + 3 year option - Fixed annual rent increases - Current rent $28,600 per annum +GST & Outgoings SHOP 2 - Currently Vacant - Previous use - Restaurant - Proposed rent: $28,600 pa +GST & Outgoings RESIDENCE - Offered with vendor leaseback at $380.00 per week BASEMENT - Offered with vendor leaseback at $250.00 per week +GST PROJECTED ANNUAL GROSS INCOME: $89,960.00 per annum