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118-120 Union Road
Ascot Vale VIC 3032
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Sold on 1 Dec 2021

118-120 Union Road Ascot Vale VIC 3032

  • Shop & Retail
  • 337 m²
  • Sold, $1,705,000

Prominent Dual-Freehold with Giant Potential

    Sitting on a substantial block of approx. 337sqm (with ROW at rear), this extremely rare amalgamation of two freehold titles comprises 3 to 4 separate lettable spaces with multi-level, high-density potential (STCA). Offered for the first time in several decades.

    Smartly partitioned to enable maximum yield, the properties include:
    - Corner shopfront ready for immediate rental
    - Long-term hospitality tenant in shopfront facing Union Road
    - Large, two bedroom residence at rear with kitchen, bathroom, shower, lounge room and W/C
    - Capacity to partition internal, 2 room commercial space for individual lease
    - External laundry and W/C facilities
    - Garage at rear
    Noteworthy points include:
    - Commercial 1 Zoning
    - Approx. $60,000 - $70,000 rent appraisal p.a.
    - Dependable hospitality tenant in 120 Union Road
    - Public transport at front door
    - Approx. 6km from CBD

    Property Highlights

    Date Sold1 Dec 2021
    Sold Price$1,705,000
    Floor Area337 m²
    Land Area337 m²
    Energy0-star NABERS Energy rating
    Parking2 x Onsite parkings
    Property ID2017107018
    Category
    Last updated  1 Dec 2021
    Map for 118-120 Union Road Ascot Vale VIC 3032

    Property Highlights

    Date Sold1 Dec 2021
    Sold Price$1,705,000
    Floor Area337 m²
    Land Area337 m²
    Energy0-star NABERS Energy rating
    Parking2 x Onsite parkings
    Property ID2017107018
    Category
    Last updated  1 Dec 2021

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