Nestled in the heart of Torquay's bustling business area, this exceptional real estate offering presents a unique opportunity for savvy investors. Boasting a modern construction completed in 2020, the property comprises a two-story building featuring a blend of six ground-floor retail tenancies and four first-floor office spaces, all of which are fully tenanted. With the added convenience of a lift and generous parking facilities, this investment promises both steady rental income and long-term growth potential.
Location: Situated in the vibrant commercial district of Torquay, the property enjoys high visibility and foot traffic. Its strategic location ensures proximity to essential amenities and positions tenants for success.
Diversified Tenancies: The building's composition of six ground-floor retail tenancies and four first-floor office spaces provides a diversified rental income stream. This mix enhances stability and minimizes risk by catering to a range of businesses.
Full Tenancy: The property's full tenancy status is a testament to its attractiveness to local businesses. The secured rental agreements underscore its desirability and contribute to a consistent revenue stream for investors.
Modern Construction: Erected in 2020, the building reflects contemporary design aesthetics and adheres to the latest construction standards. The modern architectural elements ensure an attractive and functional environment for both tenants and visitors.
Elevator Access: The inclusion of a lift enhances accessibility, making it easy for patrons and employees to navigate between the ground and first floors. This feature adds value to the property and accommodates businesses with accessibility requirements.
Ample Parking: The availability of generous parking facilities addresses a common concern in commercial areas. Ample parking spaces not only provide convenience but also contribute to the property's overall appeal.
Investment Potential: With a fully tenanted building in a prime location, this property offers an excellent investment opportunity. The growing demand for commercial space in Torquay positions this asset for potential appreciation over time.
In the competitive landscape of real estate investment, this property stands out as a promising venture. Its strategic location, diversified tenancies, modern amenities, and strong tenancy status make it an appealing choice for investors seeking stable rental income and potential long-term appreciation. With a finger on the pulse of Torquay's business pulse, this real estate gem is poised to contribute to your investment portfolio's success.
