For Sale
Property Type: Land/Development
Approx 885 Square metres

Presenting a Rare Freehold Opportunity with Developer Potential in Bright!

Unlock the possibilities of this prime piece of real estate at 7 Ireland Street, Bright.

This property opens the door to an exciting prospect for developers seeking a strategic investment.

Boasting an expansive 885m2 (approx), this property not only fronts the main street through the heart of Bright but also offers rear access from Burke Street, providing a canvas for innovative development.

In the care of the same owner for two decades, this property stands as a notable part of Bright's history, situated in a lively and well-frequented strip.

The existing building/floor area covers 278m2 (approx), while the vacant land at the rear opens up many possibilities, highlighted by previous plans showcasing the potential for additional dwellings including two, 2 Bedroom, 2 Bathroom units with further potential at the rear of the shop for an additional dwelling. (STCA)

Bright, renowned as a highly visited tourist town and with its growing residential needs, increases the opportunity of this property.

It's important to note that this is a freehold-only purchase with a lease in place to the current lessee until July 2026 with an option extending through to 2031.

Key Features:
• 885m2 (approx)
• Strategic location for development
• Steady rental income: $39,120.36pa
• All inclusive tenant agreement
• Prime Main Street Location

This isn't merely an investment; it represents a strategic step towards the future. Whether considering future personal use or aiming to maximise potential returns, this freehold opportunity holds considerable promise.

Don't miss out on this rare chance to shape the future of Bright's landscape with this unique investment and development opportunity - call Jenny now on 0419 009 033 or email [email protected]


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