COMMERCIAL INVESTMENT, IDEAL FOR SUPERFUND. 2 STOREY RETAIL OR PROFESSIONAL RMS. MULTIPLE PARKING WITH A PROMINENT STREET FRONTAGE IN THE POPULAR BLOCK OF SHOPS RIGHT ON THE CORNER OF TORRINGTON ROAD, THESE SPACIOUS PREMISES ARE CURRENTLY LEASED TO A PHYSIOTHERAPY PRACTICE AND ASSOCIATED THERAPIES (ACUPUNCTURE, PODIATRY ETC). GROUND LEVEL COMPRISES FRONT RECEPTION AREA, TOILET AND THE LARGE PHYSIO CLINIC (4M X 9.7M) WITH KITCHEN FACILITIES AND A DOOR LEADING TO THE REAR PARKING AREA. THE UPPER LEVEL HAS 4 CONSULTING ROOMS (THE REAR ONE WITH A BIT OF AN OCEAN VIEW) PLUS KITCHEN FACILITY AND BATHROOM (INCL. SHOWER). HISTORICALLY THE CAPITAL GROWTH HAS BEEN VERY GOOD (OVER THE LAST 15 YEARS THE CAPITAL GROWTH HAS BEEN 13% P.A. EXCLUDING RENTAL RETURN)AND JUDGING BY THE NEIGHBOURING PREMISES THERE IS EXCELLENT POTENTIAL FOR FURTHER DEVELOPMENT AT THE REAR.- WELL SITUATED ON CORNER OF TORRINGTON RD- CURRENTLY LEASED TO PHYSIOTHERAPIST (SAME BUSINESS HAS BEEN LOCATED HERE FOR 20 YEARS)- LEASE 5YRS FROM 1.5.09 + 5YR OPTION- GAR APPROX $62,000 + GST- RENT INCREASES 3% OR CPI (THE GREATER)- TOTAL LAND AREA APPROX 253 SQM- PARKING FOR 5 OR MORE CARS AT REAR- GOOD POTENTIAL FOR FURTHER DEVELOPMENT (ZONED 3B LOCAL BUSINESS)INSPECT TUES & THURS 1.00-1.45PM (COMMENDING 28 JULY)