415 Mt Alexander Road, Ascot Vale, Melbourne, VIC 3032

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.