Fully Leased Mixed Use Investment. Calling 6.25%+ Return Investors.
POINT OF INTEREST:
Expressions Of Interest Closing Wednesday 21st February 2024 at Midday. All offers must be submitted on formal contract of sale.
Fully leased, mixed-use, and remarkably freehold — commercially speaking, this is the most lucrative find within Footscray’s Market. The astute investor knows not to put all eggs in one basket, and this investment offers multiple income streams across two retail stores and three apartments, providing $146,583.60 per annum gross ($131,000 per annum net*) in combined leasing income.
On the ground, a convenience store and tattoo shop make their mark on Footscray’s bustling retail precinct, whilst up one level and to the rear, three 2 bedroom apartments are filled by happy tenants. A high-profile position also meets an increased height limit, making future development on the cards for any buyer looking to take advantage of the blueprint.
Two street frontages mean dual access from Nicholson and Trugo Lane, with a generous public parking area at the rear. The best of Footscray’s multicultural food scene is at your doorstep, Footscray Plaza hosts Coles, Kmart, and Liquorland, and the train station sits only 200 m* away.
- Fully leased freehold mixed-use investment.
- $146,583.60 per annum gross leasing income ($131,000 pa net)
- Two retail stores and three 2 bedroom residential apartments.
- 225 sqm* total land area.
- 470 sqm* of total building area.
- Activity centre zoning with increased height limit for future development of 6+ levels (STCA).
- Large public parking area at the rear.
- 200 m* to Footscray railway station.
- 5 km* to Melbourne CBD.
POINT OF VIEW:
Like Footscray itself, this investment oozes diversity. Mixed-use, multi-income, and freehold stature enrichens the offering and casts it in a league of its own. Your next investment awaits.
*Approx.
Pricing excludes GST
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