According to agents a commercial property listing near Birkenhead's Onewa Rd, provides an opportunity for investors or future owner-operators.
NAI Harcourt's Dave Lane expects B/7-13 Enterprise St to attract close interest due to the relative scarcity of similar stock in the North Shore suburb.
The sale is by deadline private treaty due to close at 4pm on November 8, unless it's sold earlier.
"It is a well-designed office and showroom area, with warehouse storage, plus excellent road front exposure close to retail outlets and cafes."
Lane says construction "appears to be" of concrete block and brick, with a feature timber panel facade in part. There's a concrete floor to the front of the building and tongue-and-groove timber flooring throughout the rear warehouse and amenities area.
The roof is "assumed to be" Super Six corrugated resting on steel purlins with insulation beneath, standing on a site with clear and obvious future development potential.
He says the property is just three minutes' walk from Onewa Rd, which links several Shore suburbs to the Harbour Bridge and Northern Motorway. The freehold property's useable space includes a loading dock, office/showroom area of 110sq m and warehouse/amenities space of210sq m. Side and rear-yard areas are suitable for use as parking spaces.
Lane says the sale is by negotiation and the vendor has advised that all offers will be considered.
Now leased to Alex and Corban Ltd, the property produces a net return of $56,500 per annumplus GST.