FLEMINGTON'S FRONT-RUNNING COMMERCIAL BET.

Sold - 1/27 Ascot Vale Road, Flemington

Investment opportunity, Industrial, Offices, Showroom

Sale Details

Sold on 17 Oct 2025 for $1,000,000

Building Area 245m²
Rate $4,082 per m²
Yield: 4.70%

Overview

Sale History ID: 40327
Property ID: 20410
Advertised Price: Contact Agent

Description

POINT OF INTEREST:

Fronting Flemington’s renowned thoroughfare of thriving residential and commercial builds, unit 1 has double the level of inner-city advantages than any other. Standing tall with 245 sqm* of dual-level floorplan, this is a warehouse and office asset with showroom potential for the right buyer. Light pours into the space through generous windows, while the roller-door addition makes deliveries a cinch. The two allocated car spaces will be shared amongst your team, but public transport is even easier — the 57 tram is 400 m* away while Newmarket railway station is 750 m*. Just outside of the CBD but buzzing with activity all the same, walk to Flemington Racecourse from work, duck into Newmarket shopping plaza, or head straight to either the northside or the westside quicker than you can say “Be there in ten”.

- 245 sqm* total dual-level building area.
- New two (2) year lease at $47,000 per annum.
- Industrial 3 zoning.
- 2 allocated car spaces.
- Ascot Vale Road street-fronting asset exposed to over 11,000* vehicles passing daily.
- 1.5 km* to the Citylink.
- 1.1 km* to Maribyrnong Road (Brunswick Road).
- 750 m* to Newmarket railway station.
- 4.5 km* to the CBD.

POINT OF VIEW:

A main road address with your business front and centre of it all. Flemington has seen plenty of punts over the years, but this is the low-risk high-return move you can bet on — if you’re the fastest out the gate.

*Approx.
Pricing excludes GST

Additional Info
Features
TenancyThe Strength Store Pty Ltd
Lease TermTwo (2) Years Plus One (1) Year
Commenced22nd November 2024
Rent ReviewCPI annually and Market review between the lease terms
Bond/GuaranteesAs per lease
Outgoings PayablePayable by the tenant as per the lease
Age20 years plus
Air ConditionerYes - in office
AvailabilityImmediate
Car Spaces2
ConditionExcellent
FloorsConcrete and floating floors
Height3-4 metres
LiftsNo
Roller DoorsYes
SprinklersNo
ZoningIndustrial 3
Outgoings
Owners’ CorporationTBA
Council RatesTBA
Water RatesTBA
Essential Safety MeasuresTBA
Agent Details
CVA Property Consultants - Leo Mancino

Leo Mancino

M | 0418 343 147
T | (03) 9623 2570
E | [email protected]

CVA Property Consultants - Domenic Sgambellone

Domenic Sgambellone

M | 0418 327 676
T | (03) 9623 2559
E | [email protected]