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Ground Floor/242 Union Road Ascot Vale VIC 3032

  • Other
  • Floor Size131 m²
  • PriceCommercial Auction

Prized Retail Investment - Leased to Bendigo Bank

Situated in the heart of Union Road Ascot Vale, this ground floor retail investment currently leased to Bendgio Bank will be offered for sale via Public Auction on Thursday 8th August 2019 at 12pm on-site. 

Featuring a generous layout with open plan reception/office, 2 partitioned offices, ducted heating & cooling, staff amenities and kitchenette. The property is further enhanced by a 6 metre* frontage to Union Road and ROW rear access via The Parade.

Recognised as Australia's 5th largest retail bank, the Bendigo Bank is listed in the top 70 ASX listed companies with more than 110,000 shareholders and 1.7 million customers in over 500 communities.

 Investment Summary;
 - Tenant: Flemington Financial Services Ltd T/A Bendigo Bank Flemington
 - Rent: $47,895.00 per annum plus GST plus outgoings as per lease
 - Term: Four (4) years plus two further terms of four (4) years
 - Commencement: 1st May 2018
 - Reviews: Annual 3%

Property Summary:
 - Total building area: 131m2* over two titles
 - Rear ROW via common access
 - On-site parking for 2 vehicles (not on title)
 - Commercial 1 Zone
Superbly positioned in well-known Union Street which is readily developing into a trendy retail, cafe and commercial strip, the property is located under 5km* from the Melbourne CBD and is further supported by the No. 57 tram which runs along Maribyrnong, Union and Epsom Roads. 

For further information please contact CVA Property Consultants.


Auction date and time08/08/2019 12:00
Auction locationGround Floor/242 Union Road, Ascot Vale VIC

Property Highlights

Property ID2015436242
Floor Area131 m²
Land AreaAsk Agent
ParkingAsk Agent
Annual ReturnAsk Agent
Last updated  11 Jul 2019
Map for Ground Floor/242 Union Road Ascot Vale VIC 3032
CVA Property Consultants Pty Ltd
18-20 Russell Street Melbourne VIC 3000

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