21 Norwood Drive Keilor East VIC 3033

Jones Real Estate is delighted to present 21 Norwood Drive, Keilor East - a rare and high-performing mixed-use freehold offering a compelling combination of secure rental income, future upside, and premium positioning in one of Melbourne's most dynamic growth corridors.

21 Norwood Drive, Keilor East is offered For Sale via Public On-Site Auction on Thursday 26th June 2025 at 10:30am (AEST).

Key highlights of this opportunity include:

- A fully-leased, mixed-use freehold comprising a popular ground floor café and a spacious, self-contained three-bedroom residence-both under a single lease, providing a rock-solid investment in a high-demand, high-growth suburban location.

- Combined net annual income of $105,450 plus GST & Outgoings, offering investors a secure, high-yielding asset with strong rental performance and future upside.

- Set on a generous 529sqm* landholding with a building area of 249sqm* plus a 29sqm* courtyard. The property is evenly divided between commercial and residential tenancies, each with its own private entrance and services.

- The café is leased to '21 Norwood', a proven operator featured on national TV show 'My Kitchen Rules'. With strong exposure, steady foot traffic, and solid trade from nearby residents, the opportunity is secured by a brand new 5-year lease with further options, making it a standout in a high-performing location.
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- The residence is a refurbished single-level unit with three bedrooms, two bathrooms, a quality kitchen, open-plan dining/living, full laundry, private patio and backyard, and two secure car spaces.

- Located just 13km* from Melbourne's CBD, with direct access to the Calder Freeway, Tullamarine Freeway and Western Ring Road ensuring seamless travel to the city, airport and broader metro area.

- Surrounded by key retail and lifestyle amenity including Milleara Shopping Centre, Keilor Central, Highpoint, and major national brands such as Woolworths, Coles, Aldi, JB Hi-Fi, Dan Murphy's and Country Road driving consistent commercial and residential demand.

*Approx.

For further information or to schedule a private inspection of the opportunity, please contact the exclusive selling agents.

Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.