21A & 21B Military Road Avondale Heights VIC 3034

Shop & Retail
343 m²
Sold, $1,061,000

3 in 1 Golden Investment Opportunity!

In a high-profile retail precinct, this rare cluster of three properties (all on one title) makes an ideal choice for astute investors with its perfect location, value-adding potential and rewarding returns.

The property itself (Business 1 Zoned) consists of two ground-floor shop fronts and a separate upstairs apartment comprising two bedrooms, central bathroom, spacious lounge, kitchen/meals area, newly installed windows and sliding doors and a spacious balcony.

___21A shop with secure tenancies in place for $18,000 per annum plus GST leased until September 2021.
___ 21B: shop vacant, anticipated rental of approximately $1,900 per calendar month
___Upstairs apartment leased month by month for $1,200 per calendar month.

Both shops include essential staff amenities and storage areas as well as off-street parking via rear ROW. With a current passing rental of $24,200 per annum, with the potential to be increased to $47,000 per annum.

DOUGLAS KAY REAL ESTATE
280 HAMPSHIRE ROAD
SUNSHINE VIC 3020

AUCTION

Auction date and time	28/11/2019 13:00
Auction location	21a & 21b Military Road, Avondale Heights VIC

Douglas Kay Estate Agents

280 Hampshire Rd

Sunshine, VIC 3020

Property Highlights

Date Sold	29 Nov 2019
Sold Price	$1,061,000
Floor Area	343 m²
Land Area	Ask Agent
Parking	4 x Onsite parkings
Property ID	2015838206
Category	Shop & Retail
Last updated	29 Nov 2019

Map for 21A & 21B Military Road Avondale Heights VIC 3034

Nearest transport* to 21A & 21B Military Road Avondale Heights VIC 3034

Bus

Train

Tram

Macey Ave/Military Rd (Avondale Heights)	94 m
Westminster Dr/Military Rd (Avondale Heights)	146 m
Somerset St/Military Rd (Avondale Heights)	147 m
Ridley Ave/Military Rd (Avondale Heights)	155 m

*Within a 4km radius

Did you find this helpful?

Yes

Douglas Kay Estate Agents

280 Hampshire Rd

Sunshine, VIC 3020

Property Highlights

Date Sold	29 Nov 2019
Sold Price	$1,061,000
Floor Area	343 m²
Land Area	Ask Agent
Parking	4 x Onsite parkings
Property ID	2015838206
Category	Shop & Retail
Last updated	29 Nov 2019

Listed by

Francis (thanh) Vuong

Douglas Kay Estate Agents

Call

0421385939

More about 21A & 21B Military Road Avondale Heights VIC 3034

21a & 21b Military Road Avondale Heights VIC 3034 is categorized as Shop & Retail Property. It has a floor area of 343 m². There are 4 x onsite parkings.The listing ID for this property is 2015838206.