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PREMIUM MIXED USE COASTAL FREEHOLD OCEANFRONT CORNER SITE
Griffin
· 3 Bedrooms · 3 Baths · Flat
Griffin · 3 Bedrooms · 3 Baths · Flat
Positioned on one of the Peninsula's most tightly held waterfront corridors, 184 Hornibrook Esplanade represents a strategic, income-producing freehold with dual commercial frontages and a fully self-contained three-bedroom residence above. This is a rare opportunity to secure a blue-chip coastal asset with multiple income streams, strong holding fundamentals, and future value-add potential. KEY FEATURES: - Oceanfront 534m² corner site with commanding exposure - Two ground-floor commercial tenancies with established occupants - Shop 1 (approx. 65m²) - Current rent: $21,218 p.a. + GST - Lease Renewal Agreement2025 - Shop 2 (approx. 76m²) - Current rent: $38,000$41,000 p.a. + GST - Self-contained 3-bedroom residential unit on the upper level - Current rent: $340/week = $17,680 p.a. (tenant on fixed term to 07/01/2026) - Fully leased with dependable tenancy history - Ledger shows consistent payments and stable tenancy performance - Favourable lease structures with extensions secured throu
Positioned on one of the Peninsula's most tightly held waterfront corridors, 184 Hornibrook Esplanade represents a strategic, income-producing freehold with dual commercial frontages and a fully self-contained three-bedroom residence above. This is a rare opportunity to secure a blue-chip coastal asset with multiple income streams, strong holding fundamentals, and future value-add potential. KEY FEATURES: - Oceanfront 534m² corner site with commanding exposure - Two ground-floor commercial tenancies with established occupants - Shop 1 (approx. 65m²) - Current rent: $21,218 p.a. + GST - Lease Renewal Agreement2025 - Shop 2 (approx. 76m²) - Current rent: $38,000$41,000 p.a. + GST - Self-contained 3-bedroom residential unit on the upper level - Current rent: $340/week = $17,680 p.a. (tenant on fixed term to 07/01/2026) - Fully leased with dependable tenancy history - Ledger shows consistent payments and stable tenancy performance - Favourable lease structures with extensions secured throu
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