FULLY LEASED YARRAVILLE FREEHOLD WITH DUAL INCOME STREAMS

Leased to two quality tenants, this prominent corner freehold presents a rare opportunity to secure a dual-tenanted investment underpinned by strong rental growth, diversified income and future value-add potential, all within one of Melbourne's most tightly held inner-western locations.

• Two fully self-contained retail premises on one freehold title
• Substantial corner landholding of 329sqm* with valuable rear access
• Securely leased to established operators including Augustus Gelatery, a national retailer with 38 locations across Australia
• Combined annual rental income of $105,241* plus GST and outgoings
• Fixed annual rental increases providing built-in income growth
• Tenants pay all usual outgoings
• Extensive frontage of 14 metres* to Somerville Road
• Surplus rear land offering future development or value-add potential (STCA)

175 Somerville Road - Augustus Gelatery:
+ Lease term: 7 x 7 x 7 years
+ Rental: $61,532 per annum

175b Somerville Road - Red Tomato Pizza & Pasta:
+ Lease term: 6 x 5 years
+ Rental: $43,709 per annum

Positioned within a densely populated and expanding catchment, the property benefits from direct connectivity to Williamstown Road, Geelong Road and the new West Gate Tunnel. The location is further supported by surrounding schools, population growth and continued investment throughout Melbourne's inner west, just 6km* from the CBD.

For further details or an inspection, please contact Fitzroys selling agents Chris Kombi and Lewis Waddell.

*approx.