Prominently located at the junction of two arterial roadways, namely Epsom Road and Maribyrnong Road, the five fully leased shops provide astute investors with the opportunity to secure a defensive income stream, let at sustainable rents with growth potential as well as providing several value add opportunities.
Key Investment Considerations Include:
+ Located at the junction of two arterial roadways; Epsom Road and Maribyrnong Road.
+ Enormous exposure with estimated daily passing vehicle traffic of 25,000 cars*
+ Substantial land holding of 1,479 sq m*
+ Combined Epsom Road and Maribyrnong frontage of 54.8 metres*
+ Valuable Commercial 1 Zone, providing potential for high value future redevelopment opportunities (STCA).
+ Currently configured as five retail tenancies fully leased to four businesses.
+ 16 at-grade convenient on-site shopper parking spaces.
+ Provides purchasers a tenant mix of convenient quick service food retail and allied health services
+ Current rental income of $283,098 pa with significant upward reversion potential.
+ Opportunities for increased income via lease renewals.
+ Potential commercial signage opportunities to add income (STCA).
2-6 Epsom Road, Ascot Vale is being offering for sale by Executor’s Auction on Thursday 10th August at 2:30pm on site.
*denotes approximate.
For further information, contact the exclusive agents.
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