175 & 175B Somerville Road, Yarraville, VIC, 3013

Fitzroys is pleased to present a high profile, dual tenanted freehold at 175 & 175a Somerville Road, Yarraville for sale by deadline closing Wednesday 29th April at 3pm.

Key features:

- 2 well presented, fully self-contained shops offered together

- Leased to highly popular tenants with Augustus Gelatery operating from 41 locations across Australia

- Combined return of $103,449 per annum plus GST (as at 1/726)

- Fixed annual increases providing built in rental growth

- Tenants pay all usual outgoings

- Generous land holding of 329sqm* with rear access

- Expansive street frontage of 14 metres*

175 Somerville Road - Augustus Gelatery

+ Lease term: 7 x 7 x 7 years

+ Rental: $59,740 per annum

175a Somerville Road - Red Tomato Pizza & Pasta

+ Lease term: 6 x 5 years

+ Rental: $43,709 per annum

- Future value add potential with opportunity to develop additional land at rear which is not part of either tenant’s lease (STCA)

- Immediate connectivity to major arterials including Williamstown and Geelong Roads in addition to the Westgate freeway / tunnel redevelopment

- Strong investment fundamentals, strategically surrounded by schools and an established and growing residential catchment only 6km west of Melbourne’s CBD

For further details or an inspection, please contact Fitzroys selling agents Chris Kombi and Lewis Waddell.

*approx.

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