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SOLD

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

Properties / Sold / Victoria / Yarraville

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Friday 20th October at 2pm on site

Floor Area

200 m² (*approx)

Property Type

Retail

Sub-type

Cafe/Restaurant, Mixed Use

Terms

New 7 x 7 x 7 year lease to Augustus Gelatery New 6 x 5 year lease to Red Tomato Pizza & Pasta

Est. Income

$98,000 p/a

Fully Leased

Augustus Gelatery and Red Tomato Pizza & Pasta

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2. Property Highlights

2 Impressive Shops On 1 Title With New Long Leases

6 & 7 Year Leases To Established Tenants
Returning $98,000 Per Annum
Generous Land Area of 329sqm*

Fitzroys is pleased to present 175 and 175b Somerville Road Yarraville For Sale.

This exciting freehold investment comprises 2 well leased shops on 1 title, featuring the following attributes:

- Prominently positioned on the corner of Somerville Rd and Loch St in the popular inner-city suburb of Yarraville

- Two (2) well presented, fully self-contained shops

- Long leases in place to high profile tenants Augustus Gelatery (32 stores) and Red Tomato Pizza & Pasta

- Combined rental return of $98,000 per annum plus GST

- New 7 x 7 x 7 year lease to Augustus Gelatery

- New 6 x 5 year lease to Red Tomato Pizza & Pasta

- Expansive main road retail frontage of over 14 metres

- Generous land allotment of 329sqm* with rear access

- 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 information or an inspection, please contact Fitzroys selling agents, Chris Kombi or Ervin Niyaz.

*approx.

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