Substantial Essendon North Village Landholding with Strong Existing Income
1130 Mt Alexander Road, Essendon VIC

Stonebridge Property Group is pleased to present for sale 1130 Mt Alexander Road, Essendon.

  • Land rich Essendon North Village investment with strong existing income and untapped value add potential
  • Substantial 465sqm* Commercial 1 Zoned landholding + 14m* (3 shop fronts) of prime Mt Alexander Road frontage
  • Expected to provide a fully leased net annual income of $157,243* (after land tax) through a diverse mix of tenants
  • Surplus land, precedent for additional height & the flexibility of rear access provides exciting value add opportunities through development (STCA)
  • Located in the tightly held & low vacancy Essendon North Retail Village serviced by free car parking and inlet access off the heavily trafficked Mt Alexander Road
  • Essendon is located 9km* north west of the Melbourne CBD, the highly sought-after suburb with leafy residential streets, and convenient proximity to the Melbourne airport boasts a median house price of $1,485,000^

*Approximately
^ Source: Realestate.com.au

 

1130 Mt Alexander Road, Essendon is for sale via Public Onsite Auction Wednesday 30th June 2021 at 12.30pm (AEST).

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.