SOLD
• High-exposure shopfront with thousands of passing vehicles and substantial foot traffic daily
• Second-storey space with its own private access
• Secure six-car courtyard and placement in the vibrant heart of Moonee Ponds
In a thriving activity centre with everything from cuisine to coffee, retail, and nightlife all sharing in the rapid growth of
prestigious Moonee Ponds, this multi-faceted freehold represents a rare yield opportunity. With total passive income exceeding
$66,000 per annum, a clever layout sees a ground-floor hospitality business joined by an open-plan upper level leased
separately well into the future. With nothing needing to be done other than settle and assume two revenue streams from day
one, noteworthy points include:
- Lower shopfront and separate upper space with its own access
- Total rental income exceeds $66,000 per annum
- Secure parking for 6 cars with wide, easy access via Hinkins Street
- Ground-floor restaurant currently leased for $43,000 p.a. plus outgoings until 2027 with a further 5-year option
- Upper floor currently leased for $23,000 p.a. plus outgoings until 2027 with two further 3-year options
- Two restrooms to each level (four in total)
- Reverse-cycle heating and cooling throughout
- Zoning: Activity Centre Zone (ACZ1)
- Land: 256sqm (approx.)
Location:
- Approx. 6km from CBD
- 59 Tram passing its front door to reach hospitals, universities, Queen Victoria Market, and the CBD
- Less than 200m to Puckle Street and its array of shops, cafés, restaurants, bars, and more
- In the heart of a rapidly expanding area with high-rise towers adding to population and foot traffic greatly
- Moments to CityLink and Moonee Ponds Station for easy commuting
For more information, please contact:
Anthony Elliott
0433 171 740
Jane Campbell
0411 029 926
Joel Campbell
0438 838 014