415 Mt Alexander Road,
Ascot Vale, VIC 3032

CPN Commercial Group are pleased to offer 415 Mt Alexander Road, Ascot Vale for sale by way of Expressions of Interest closing 7th August 2024 at 3pm.

Comprising a two storey freehold building located in the heart of Mt Alexander Road, the asset offers a secure mixed-use investment opportunity with dual income streams: a ground floor Thai restaurant and a first floor 2 bedroom residence.

Key Property Features;
- Land area: 198sqm*
- Building area: 190sqm*
- 7m* frontage to Mt Alexander Road
- Rear access via ROW

Investment Summary;
- Ground floor restaurant leased to Yim Yam who has a occupied the property since 2012
- Current annual rent of $53,770 per annum plus outgoings and GST
- Five year lease term with 3 further options
- First floor - Current rent $20,800 per annum gross
- Total annual net rent of $69,600 per annum

Positioned 150m* from Maribyrnong Road, the property is well serviced by public transport with the No. 59 tram at its doorstep, and is within 1km* from Union Road and 800m* from Puckle Street.

For further information or to arrange an inspection, please contact the exclusive selling agents.

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