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Frank Dowling Real Estate - Essendon

118-120 Union Road Ascot Vale, VIC 3032

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118-120 Union Road,
Ascot Vale, VIC 3032

Shops & Retail • Offices • Development Sites & Land

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Frank Dowling Real Estate - Essendon
Anthony Elliott

Frank Dowling Real Estate - Essendon

1047 Mt. Alexander Rd.
ESSENDON, VIC 3040
04331717...
Frank Dowling Real Estate - Essendon
118-120 Union Road
Ascot Vale, VIC 3032

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Prominent Dual-Freehold with Giant Potential

  • Substantial block of approx. 337sqm
  • 3 to 4 separate lettable spaces
  • 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 ID: 503862094Last Updated: 10 Feb 2022

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