• Rare opportunity - Four heritage-listed, two-storey shopfronts with courtyards and a rear driveway, all on one title
• Dependable leases to three premises, with one vacant for to suit a variety of potential businesses
• Exceptionally placed in the heart of the Keilor Road shopping and lifestyle precinct
Measuring a vast 848sqm (approx.) across four heritage-listed shopfronts, retaining original features, courtyards, and a rear driveway accessing all properties, this landmark collection of premises represents one of the most significant commercial opportunities to grace the Essendon market for some time. Built in 1951, kept in impressive condition, and remaining in the same family for over 75 years, each property's plan sprawls over two storeys, with only 355 Keilor Road currently vacant and remaining shops (349, 351, and 353) dependably leased with options to extend.
With high-density developments already completed and more expected imminently, an ever-growing amount of foot traffic and exposure ensure businesses have excellent capacity to thrive, ideal for any investor seeking several passive incomes to grow into the future. Noteworthy points include:
- A total of four heritage-listed shopfronts with courtyards and a rear driveway for parking
- Three premises leased to long-term tenants with options to extend agreements further
- Almost $190,000 p.a. rental income from only three of the four shops (over $252,000 p.a. projected with all shops leased)
- Two-storey layouts with excellent space for a variety of business types
- Zoning: Commercial 1 Zone (C1Z)
- Land: 848sqm (approx.)
Location:
- Approx. 9km from the CBD
- 59 Tram passing its front door to reach hospitals, universities, Queen Victoria Market, and the CBD
- Tullamarine/Calder Freeways, CityLink, and the Western Ring Road streamlining commutes to the city, airport, and regional centres in every direction
- In the heart of a rapidly developing, vibrant lifestyle strip famous for its cuisine, shopping, and nightlife
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