High Exposure on established retail strip

Seize this outstanding investment opportunity in a premier retail strip.

This versatile property comprises a ground-floor retail shop and an upstairs dwelling.

The downstairs tenancy is currently leased to a computer repair business, generating approximately $22,671.35 per annum, with the lease presently on an overholding basis.

The upstairs dwelling is vacant, offering potential for immediate use or further income.

Both levels are equipped with bathroom facilities and consulting rooms, while the ground floor also provides access to a generous backyard.

Ideally positioned within a thriving retail precinct, the property enjoys excellent on-street parking and is surrounded by a diverse mix of established businesses.

The building area is approximately 190m2 set on a land area approximately 221m2, and is zoned Commercial 1.

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.

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Explore the area

School catchments

St Gabriel's School Primary Prep-6 Catholic 0.57km
Reservoir Primary School Primary Prep-6 Government 0.73km
St Monica's College - St Stephen’s/Gaudete Campus Secondary Catholic 0.85km
St Stephen's School Primary Catholic 0.90km
Reservoir East Primary School Primary Prep-6 Government 0.99km
SEDA College (Victoria) - J.E Moore Park Campus Secondary Independent 1.5km
Preston Primary School Primary Prep-6 Government 1.5km
Maharishi School of the Age of Enlightenment Primary Prep-6 Independent 1.6km
Reservoir Views Primary School Primary Prep-6 Government 1.6km
Holy Name School Primary Prep-6 Catholic 1.6km
Reservoir High School-Heidelberg Secondary Teaching Unit Secondary Government 1.7km
Reservoir High School Secondary 7-12 Government 1.7km
Reservoir West Primary School Primary Prep-6 Government 1.9km
Our Lady of the Way School Primary Prep-6 Catholic 2.1km
Kingsbury Primary School Primary Prep-6 Government 2.3km
St Joseph the Worker School Primary Prep-6 Catholic 2.3km
William Ruthven Primary School Primary Prep-6 Government 2.4km
Charles La Trobe P-12 College-The Pavilion Campus - Preston East Combined Government 2.4km
Preston North East Primary School Primary Prep-6 Government 2.5km
William Ruthven Secondary College Secondary 7-12 Government 2.5km
Preston High School Secondary 7-12 Government 2.7km
SEDA College (Victoria) - AFL- Preston Secondary Independent 2.8km
East Preston Islamic College Combined Prep-12 Independent 2.8km
Northern College of the Arts and Technology Secondary 10-12 Government 2.9km
Parade College - Preston Campus Secondary Catholic 3.1km
St John's College Preston Combined Prep-12 Independent 3.4km
Darul Ulum College of Victoria Combined Prep-12 Independent 3.8km
Charles La Trobe P-12 College-Olympic Village Primary Campus Combined Government 3.8km
John Fawkner Secondary College Secondary 7-12 Government 3.8km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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