Its Addressed:
Positioned along Mooroopna's main commercial strip, 54 and 56 McLennan Street are offered together as an income-led mixed-use investment opportunity with two adjoining shopfronts and a two-bedroom apartment above.
The two ground-floor shopfronts provide separate rental streams, direct McLennan Street frontage and flexible retail layouts. Based on existing public leasing information, 54 McLennan Street has indicated rental potential of approximately $1,300 per month plus outgoings, while 56 McLennan Street has indicated rental potential of approximately $1,800 per month plus outgoings. Together, the shopfronts indicate potential gross rent of approximately $37,200 per annum before GST, vacancy and ownership costs.
Above the shops is a two-bedroom apartment with a kitchen, bathroom and living area. The apartment has indicative rental potential of approximately $350-$400 per week, or $18,200-$20,800 per annum, subject to a current rental appraisal, tenancy availability, planning, access and compliance verification.
If fully let at the indicated amounts, the three income streams could provide total potential gross income of approximately $55,400-$58,000 per annum before GST, vacancy, outgoings, management, repairs, statutory charges and other costs. Buyers must make their own enquiries and independently verify all rental, tenancy, planning and compliance matters.
Existing public leasing information describes 54 as including an approximately 12.3 m x 4.5 m open-plan shop area, separate office and kitchenette. Number 56 is described as including an approximately 22.9 m x 4.5 m open-plan shop area, kitchen and meals space, storage, toilet, laundry and onsite parking.
Existing public listing data indicates land areas of approximately 589 m² and 607 m² respectively, together with two onsite spaces for each address. The combined holding may appeal to investors seeking diversified income, owner-occupiers wanting to use one shopfront and lease the balance, or buyers looking for a main-street commercial asset with residential upside.
For sale by private treaty with a guide of $650,000-$675,000.
Key points
- Two adjoining Mooroopna shopfronts offered together
- Separate shopfront rental potential of approximately $1,300/month and $1,800/month, each plus outgoings
- Combined shopfront rental potential of approximately $37,200 per annum before GST and costs
- Two-bedroom apartment above with indicative rental potential of approximately $350-$400 per week
- Potential total gross income of approximately $55,400-$58,000 per annum if fully let at the indicated amounts
- Direct McLennan Street frontage
- Combined public-record land indication of approximately 1,196 m²
- Onsite parking indicated by existing public listings
- Private inspections by appointment
All areas, measurements, uses, rents, tenancies, planning and property particulars are approximate and must be independently verified by prospective purchasers.
