Property Description

Secure Investment Leased To 2 National Tenants In Prime Retail Location

Fitzroys is delighted to offer 481 & 481a Keilor Road, Niddrie for sale by Expressions of Interest closing Wednesday 7th September at 3pm.

This commanding freehold investment is located within the prime trading section of the established Keilor Road shopping precinct boasting an array of national traders and supported by a significant and growing catchment area.

Key attributes of this offering include:

• Two well-presented, expansive shops with a combined building area of 904sqm*
• Significant landholding of 650sqm*
• Commanding frontage to Keilor Road of 15.24 metres*
• Additional shared ownership in land at rear (817sqm*) currently used for car parking
• Leased to 2 National tenants TAB (ASX 100 company in occupation since 2005) and Vinnies (Society of St Vincent De Paul with over 650 locations nationally)
• Returning $200,078* per annum plus outgoings and GST
• Excellent scope for future re-development and/or subdivision (stca)
• Positioned within the heart of a well-supported and highly regarded retail precinct
• Located next door to Niddrie Library and surrounded by major tenants including CBA, Aus Post, Chemist Warehouse, NAB, Woolworths, Mitre 10, Petbarn and many popular eateries and local traders
• Tram stop at doorstep and large council car park at rear
• Direct access to major arterials including Matthews Avenue, Tullamarine and Calder Freeways, Linkt Tollway, Bulla Road and Mt Alexander Road
• Unrivalled opportunity to acquire a significant retail asset underpinned by leases to 2 major tenants and strategically positioned in a sought after location only 11kms* north west of Melbourne’s CBD

For further information or an inspection, please contact Chris Kombi and Ervin Niyaz

*Approx.