Main Road Inner City Building With Development Potential

For Sale - 417-419 Mt Alexander Road, Ascot Vale

Investment opportunity, Development/Land (Offices, Retail, Showroom, Medical, Residential), Offices, Retail, Showroom


Property ID: 15993
Price: Contact Agent
Rent: $60,777 (ex. GST)
Building: 320m²
Land: 320m²
Zoning: Commercial 1 Zone


Versatile commercial building providing current rental income and potential future development opportunity is now available for sale.

Situated on Commercial 1 zoned land, the 320m2* single level property features a light filled open plan showroom with a frontage of 12m* to Mt Alexander Road complimented by staff amenities with shower, storeroom and rear laneway access via Bank Street to lock-up garage.

- Current income: $60,777.36 per annum plus outgoings
- Expiring 31st January, 2021
- Potential to occupy earlier by agreement

This main road property is located 5.5km* from Melbourne CBD and is well serviced by an array of public transport options with the No. 59 Tram at its doorstep and Ascot Vale Train Station 600m* from the site. This ideal location is further enhanced by a diverse range of cafe's, restaurants and retail shops all within walking distance of the premises.

For further information or to inspect, please contact CVA Property Consultants.

Pricing excludes GST

Additional Info

Tenancy99 Bikes Pty Ltd
Lease Term5 years and 9 months
Commenced1st May 2015
Rent ReviewAnnual 3%
Outgoings PayableBy lessee as per lease
Air ConditionerYes
AvailabilityUpon settlement
Car Parking FeesNil
Car SpacesRear on-site parking
Permits IssuedNo
Roller DoorsYes
ZoningCommercial 1 Zone
Owners’ CorporationTBA
Council RatesTBA
Water RatesTBA
Land TaxTBA

Agent Details

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