Located in the heart of Ulverstone’s thriving main commercial strip, this exceptional investment offers three fully leased, mixed-use properties with a strong rental return.
Ulverstone, a vibrant coastal town on the northwest coast, is a popular choice for families and professionals seeking a relaxed lifestyle while maintaining connections to major centres.
Currently there is 100% occupancy across all tenancies and this high performing investment comprises of 3 commercial & 2 residential tenancies.
The 3 commercial tenancies are home to the well-established Bento, a hair & beauty salon and mobile phone repair + accessory outlet.
Two residential apartments above these businesses are currently tenanted and provide valuable additional rental income.
With a mix of long-standing businesses and residential accommodation, this investment presents a diverse income stream in a sought-after location. Or there is the opportunity for development potential to create more inner city living (STCA), just minutes to the banks of the River Leven and the popular Ulverstone wharf precinct.
Major retailers Coles & Woolies are only 100m away along with an eclectic mix of independent retailers.
- High foot traffic location with fantastic development potential (STCA).
- 3 separate titles with combined lettable area of 492m2 approx.
- Diverse tenant mix including two residential apartments.
- Proximity to the River Leven foreshore and wharf precinct.
- Adjacent to Ellis Court shopping centre, anchored by Coles Supermarket.
- Grease trap installed in hospitality tenancy.
- Parking available at rear of 6 Reibey Street.
These three properties are being offered for sale either individually or in one line.
6 Reibey Street - Ulverstone: $350k - $380k
8-8a Reibey Street - Ulverstone: $425k - $455k
10 Reibey Street - Ulverstone: $675k - $715k
In one line: $1,450k - $1,550k
Don’t miss this rare opportunity to secure a piece of Ulverstone’s bustling commercial precinct.
Howell Property Group has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee its validity. Prospective clients are advised to carry out their own investigations.
