22-24 Bainbridge Street Ormiston, QLD 4160

RWC Bayside is pleased to present 22-24 Bainbridge Street, Ormiston to market For Sale via Expressions of Interest closing Wednesday 1st November 2023, 4pm.

Servicing a large residential population, this well-maintained complex is prominently located on the corner of Bainbridge & Gordon Streets, just minutes from Shore Street West, the main arterial road to Cleveland and the Ormiston entrance to Raby Bay.

The neighbourhood shopping centre is fully leased to 5 successful local tenants including a café, accounting firm, gemstone shop, European restaurant, and florist. Generating a nett income of $188,465.43* PA (ex GST) and with long-term redevelopment potential, 22-24 Bainbridge Street offers an extremely attractive investment opportunity.

Features include:

• Single level retail and professional complex on a 2,073sqm* corner allotment
• NLA of 610sqm*
• 7 fully leased tenancies (occupied by 5 individual tenants)
• Over 30 on-site car parks
• Highly visible corner block
• Nett income of $188,465.43* PA (ex GST)
• Long-term redevelopment potential

For Sale via Expressions of Interest closing Wednesday 1st November 2023, 4pm.

*Approximately