Renovated, Tenanted, 4km from CBD
Serving up hot charcoal chickens from a newly renovated retail shopfront and kitchen, complemented by a fresh studio apartment above and situated approximately 50m uphill from Kensington station, 497 Macaulay Road provides an abundance of future upside.
Occupants can make use of the shop front, spacious kitchen and rear garage/storage entrance, with quasi-separate access to the studio apartment/office upstairs. Investors can rest easy knowing that the tenant has been established in this building since 2017 having renewed the lease twice since.
With the opportunity for a market review in approximately 12 months, an established tenant, favourable zoning, busy retail strip, immediate access to public transport via bus stop at the doorstep and 50m to Kensington Station and only 4km to the CBD there are so many positive aspects to this investment and the list goes on:
• 129m2* land
• 138m2* building area
• Returning $55,673.9 per annum plus GST and outgoings
• Leased until the end of 2026 with one 3 year option to follow
• Commercial 1 zone
• 4km to CBD
• 50m* to Kensington station
• Refurbished kitchen
• Refurbished shopfront
• Refurbished studio apartment
• Rear street access
• Bus stops at the front door
• Nestled between the CBD, Footscray, Highpoint Shopping Centre and Flemington Racecourse
Call Dillon Chambers 0422 909 456 or Ryan Trickey 0400 380 438 for further information or to inspect, don't be chicken.
Occupants can make use of the shop front, spacious kitchen and rear garage/storage entrance, with quasi-separate access to the studio apartment/office upstairs. Investors can rest easy knowing that the tenant has been established in this building since 2017 having renewed the lease twice since.
With the opportunity for a market review in approximately 12 months, an established tenant, favourable zoning, busy retail strip, immediate access to public transport via bus stop at the doorstep and 50m to Kensington Station and only 4km to the CBD there are so many positive aspects to this investment and the list goes on:
• 129m2* land
• 138m2* building area
• Returning $55,673.9 per annum plus GST and outgoings
• Leased until the end of 2026 with one 3 year option to follow
• Commercial 1 zone
• 4km to CBD
• 50m* to Kensington station
• Refurbished kitchen
• Refurbished shopfront
• Refurbished studio apartment
• Rear street access
• Bus stops at the front door
• Nestled between the CBD, Footscray, Highpoint Shopping Centre and Flemington Racecourse
Call Dillon Chambers 0422 909 456 or Ryan Trickey 0400 380 438 for further information or to inspect, don't be chicken.
All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.
Due diligence checklist for home and residential property buyers.