Overview
- Updated On:
- July 28, 2024
- 190.00 m2
Property Description
For Sale: Prime Retail Property at 415 Mt Alexander Road, Ascot Vale VIC 3032
We are pleased to present a unique investment opportunity at 415 Mt Alexander Road, Ascot Vale. This fully leased property offers a secure investment with dual income streams from an established ground floor Thai restaurant and a first-floor residential unit.
Property Details:
- Address: 415 Mt Alexander Road, Ascot Vale VIC 3032
- Land Area: 198 m²
- Floor Area: 190 m²
- Zoning: Commercial 1 Zone
- Tenure Type: Tenanted Investment
Investment Summary:
- Total Annual Net Rent: $69,600
- Tenants: Yim Yam Thai restaurant (since 2012) and a two-bedroom residential unit
- Occupancy: Fully Leased
- Restaurant Rent: $53,770 per annum plus outgoings and GST
- Residential Rent: $20,800 per annum gross
- Lease Term: Five years with three further options
Key Features:
- High-Profile Main Road Location: 7m frontage to Mt Alexander Road
- Modern Accommodation: Includes a first-floor 2-bedroom residence
- Excellent Transport Links: 150m from Maribyrnong Road, No. 59 tram at doorstep, within 1km from Union Road and 800m from Puckle Street
Expression of Interest:
- Closing Date: Wednesday, 7th August 2024 at 3:00pm
For further information or to arrange an inspection of this premium retail shop for sale, please contact the commercial real estate agents at CPN Commercial Group.
Do you have a commercial property for sale in Melbourne? Please contact us to discuss options to sell.
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