Prominent Yarraville Investment Fully Tenanted - 3 Tenants

Ray White Commercial Ferntree Gully is delighted to present For Sale, this fully tenanted versatile retail / office / professional services property which is located just a few minutes from Yarraville Station.

Enjoying maximum exposure to busy Somerville Road, this corner property is set over two (2) levels with access from both Somerville Road and Gamon Street. Currently configured to include a large retail space on the ground floor that is complete with kitchenette and toilet facilities, there is also currently a retail space accessed from Gamon Street. The upstairs area currently houses a relaxation massage business and includes a kitchen, bathroom with shower and a covered alfresco area with an open balcony. Features include split system air conditioning, polished floor boards, two (2) kitchen areas and toilet facilities on both floors.

The property is fully leased with a net return of $102,000 per annum plus GST and Outgoings spread across 3 tenancies.

Plenty of free parking is available in Gamon Street and a convenient lane runs along the rear of the property. An added bonus is the freehold ownership with no body corporate obligations.

Property Features Include:-

• Building Area 308sqm*
• Land area 188sqm*
• Fully leased net income of $102,000/annum*
• Tenancy 1 - $41,000 per annum - 3 year term starting 1/7/2021 - Further Options
• Tenancy 2 - $37,200 per annum - 4 year term starting 18/12/2020 - Further Options
• Tenancy 3 - $24,000 per annum - 2 year term starting 1/7/2021
• Freehold Possession
• Ample Parking
• Dual Street Access
• Versatile Floor Plan
• Close to Yarraville Station
• Mixed Use Zone - possible development upside^

With strong Freehold investments hard to find, opportunities like this do not present themselves often. For all additional information including, contracts, information memorandums and inspections.
Please contact Mitch Rosam or Paul Waterhouse.

*Approximate
^STCA

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 Augustine's School Primary Prep-6 Catholic 0.12km
Yarraville West Primary School Primary Prep-6 Government 0.36km
Footscray High School - Pilgrim Campus Secondary Government 1.2km
Footscray City Primary School Primary Prep-6 Government 1.2km
Kingsville Primary School Primary Prep-6 Government 1.3km
Wembley Primary School Primary Prep-6 Government 1.5km
Corpus Christi School Primary Prep-6 Catholic 1.5km
Footscray High School - Barkly Campus Secondary Government 1.7km
Footscray Primary School Primary Prep-6 Government 1.7km
St John's School Primary Prep-6 Catholic 2.0km
St Margaret Mary's School Primary Prep-6 Catholic 2.0km
Spotswood Primary School Primary Prep-6 Government 2.0km
St Monica's School Primary Prep-6 Catholic 2.1km
OakTree College Secondary 11-12 Independent 2.1km
Footscray West Primary School Primary Prep-6 Government 2.4km
Footscray High School Secondary 7-12 Government 2.5km
SEDA College (Victoria) - Cricket Australia - Footscray Secondary Independent 2.7km
Footscray North Primary School Primary Prep-6 Government 2.9km
Newport Lakes Primary School Primary Prep-6 Government 3.0km
Sacred Heart School Primary Prep-6 Catholic 3.1km
SEDA College (Victoria) - Melbourne City Talented Player Program - Kensington Secondary Independent 3.5km
Maribyrnong College Secondary 7-12 Government 3.8km
Caroline Chisholm Catholic College - Christ the King Campus Secondary Catholic 3.8km
Bayside P-12 College-Paisley Campus Combined Government 4.1km
Westbourne Grammar School - Williamstown Campus Combined Independent 4.1km
Kensington Community High School Secondary 7-12 Government 4.3km
Port Melbourne Secondary College Secondary 7-10 Government 4.3km
Bayside P-12 College-Altona North Campus Combined Government 4.5km
SEDA College (Victoria) - Netball Ascot Vale Secondary Independent 4.5km
Emmanuel College Secondary 7-12 Catholic 4.6km

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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