164 Union Road,
Ascot Vale, VIC 3032

Shops & Retail

Key property information

Floor area

Parking info

Zoning

Tenure type

Private inspections

to arrange a private inspection.

Map of 164 Union Road

Directions

Train stations within 5 km of 164 Union Road, Ascot Vale, VIC 3032	Distance
Ascot Vale Station	534 m
Moonee Ponds Station	1 km
Flemington Racecourse Station	1.4 km
Newmarket Station	1.8 km
Essendon Station	2.1 km

Tram stops within 5 km of 164 Union Road, Ascot Vale, VIC 3032	Distance
35-Bloomfield Rd/Union Rd (Ascot Vale)	123 m
35-Munro St/Union Rd (Ascot Vale)	127 m
36-St Leonards Rd/Union Rd (Ascot Vale)	134 m
37-Maribyrnong Rd/Union Rd (Ascot Vale)	318 m
37-Union Rd/Maribyrnong Rd (Moonee Ponds)	345 m

Bus stops within 5 km of 164 Union Road, Ascot Vale, VIC 3032	Distance
Union Rd/Mirams St (Ascot Vale)	223 m
Union Rd/Francis St (Ascot Vale)	256 m
74 Francis St	297 m
67 Francis St	331 m
Roxburgh St/Rothwell St (Ascot Vale)	351 m

A Perfect Union with Potential Upside

In a prime position within Ascot Vale
Excellent rental growth potential
Significant future development potential

CRS Property is pleased to offer this property for Sale.

An opportunity to acquire premier freehold in the heart of bustling Union Road, shopping Village.

In a prime position within Ascot Vale's tightly held vibrant retail strip with favorable zoning providing strong future value add potential (STCA).

The property comprises:
- Land Area: 186sqm approx.
- Single storey building of 120sqm approx.
- Rear access plus onsite parking
- Zoned Commercial 1
- 5km northwest of the Melbourne CBD
- Leased to popular wine bar - Jimmys Tap & Barrel
- Lease Term: Month to Month
- Current income: $42,723.00 pa plus GST.
- Outgoings: All payable by tenant (except Land Tax)
- Excellent rental growth potential.
- Rare opportunity to invest, owner occupy and develop in the heartland of Union Road
- Significant future development potential (STCA)
- Only meters away from Woolworths Metro Supermarket.
- Close to all modes of public transport including trams, buses, and Ascot Vale train station.
- Ascot Vale boats a medium house price of $1,390,000
- Surrounded by popular established businesses servicing a large local residential catchment area.

For more information, please contact
Lou Montalti on 0488 553 4...

Ascot Vale, 3032 demographic data

The median household income for Ascot Vale is $2,192, 15% higher than Greater Melbourne's household income of $1,901. Ascot Vale has a similar age profile compared to the rest of Greater Melbourne (median age 37). Property ownership data shows 54% of property owners in Ascot Vale have a mortgage.

15,197

Population

$2,192 per week

Median household income

37 years

Median age

Owners

Most residents

Families

Most households

0488 553 4...