1120-1122 Mt Alexander Road, Essendon, VIC, 3040

Fitzroys is delighted to offer one of Essendon’s most high profile and impeccably presented freeholds, leased to global fast-food giant Zambrero and Estaflora florist and café.

1120 & 1122 Mt Alexander Road presents an exceptional land rich inner city investment opportunity offered for sale via Expressions of Interest.

Key attributes include:

- Two separate immaculately renovated shops with brand-new fit outs completed in 2023 – offered together

- Leased to fast-food giant Zambrero with 300 locations globally and Estaflora florist and café

- High profile prime position situated in the heart of the tightly held North Essendon Retail Village

- Strategic and centrally located landholding of 619sqm* (one of the largest blocks in this location)

- Two street frontages of over 12 metres* each to Mt Alexander Road and Winifred Street

- Total return of $142,000* per annum plus outgoings and GST

- On site secure parking for 8 cars

- Neighbouring Coles, Punt Hill Apartments, Subway, Dominos, Flight Centre, Bakers Delight, Fergusson Plarre and many more

- Only 8kms* north of Melbourne’s CBD with excellent connectivity to surrounding suburbs via Tullamarine Freeway and City Link

- Convenient public transport linkages with tram 59 at the doorstep and abundant public parking

- Valuable tax depreciation benefits

- Within the recently announced North Essendon Activity Centre Plan encouraging development heights of 5 - 10 storeys (STPA)

- Outstanding scope for a range of future development outcomes (stpa)

Lease details:

1120 Mt Alexander – Zambrero

Term: 7 + 5 years

1122 Mt Alexander – Estaflora florist & café

Term: 2 + 2 +2 years

For further details or an inspection, please contact Fitzroys selling agents, Ervin Niyaz or Chris Kombi.

*Approx.

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