343-349 Ascot Vale Road,
Moonee Ponds, VIC 3039
Key property information
Tenanted Investment Details
Map of 343-349 Ascot Vale Road
Train stations within 5 km of 343-349 Ascot Vale Road, Moonee Ponds, VIC 3039 Distance Moonee Ponds Station 518 m Ascot Vale Station 863 m Essendon Station 1.4 km Flemington Showgrounds Station 2.1 km Newmarket Station 2.2 kmPOWERED BY HERE © Tram stops within 5 km of 343-349 Ascot Vale Road, Moonee Ponds, VIC 3039 Distance 33-Moonee Ponds Junction/Pascoe Vale Rd (Moonee Ponds) 65 m 32-Moonee Ponds Junction/Pascoe Vale Rd (Moonee Ponds) 91 m 33-Chaucer St/Ascot Vale Rd (Moonee Ponds) 280 m 31-Montgomery St/Mt Alexander Rd (Moonee Ponds) 379 m 34-Moonee Valley Civic Centre/Pascoe Vale Rd (Moonee Ponds) 401 mPOWERED BY HERE © Bus stops within 5 km of 343-349 Ascot Vale Road, Moonee Ponds, VIC 3039 Distance Moonee Ponds Interchange/Mt Alexander Rd (Moonee Ponds) 123 m Alexandra Ave/Pascoe Vale Rd (Moonee Ponds) 173 m 33-Chaucer St/Ascot Vale Rd (Moonee Ponds) 280 m McNae St/Dean St (Moonee Ponds) 308 m Mt Alexander Rd/Kellaway Ave (Moonee Ponds) 349 mPOWERED BY HERE ©
Rare and sought-after commercial property offering substantial ROI
The building is located along the bustling Ascot Vale Road, Only 6 km from the city center with excellent bus links and the nearby Moonee Ponds Railway Station. A host of amenities and services are also within easy reach along with shops, cafes, dining options and numerous proposed major developments.
Currently, two high-quality commercial tenants, a wedding shop and medical imaging shop occupy the first floor with the second level allocated to a project supervision company. The current rental yield is approximately $600,000 per year for each of the tenants ensuring this will be an attractive addition to any commercial investment portfolio.
For added practicality, there are a large number of outdoor parking spaces included while nearby paid parking is just a short walk away. Unparalleled signage opportunities and major street frontage only add to the appeal of this versatile site capitalising on the enormous exposure to the bustling Moonee Ponds Junction.
Great future development potential for multi-level mixed used building (STCA) while the spacious, open- concept and light-filled layout will attract a wide range of business and residential.
343-349 Ascot Vale Road is just 10 minutes from the University of Melbourne and only 15 minutes from the Melbourne International Airport. An easy seven-minute walk will take you directly to the Moonee Ponds Railway Station along with the Moonee Ponds Central Shopping Centre, local Woolworths, ALDI, Coles and no less than six banks. Nearby tram links connect you to Melbourne's second-largest shopping mall, Highpoint Shopping Centre, plus there are picturesque parks and the Moonee Valley Racecourse within easy reach.
On the hunt for a quality commercial investment property offering fantastic returns and a prime location right in the heart of the action? This is a rare offering that is guaranteed to tick all the boxes for a wide range of savvy investors.
Disclaimer: We have in preparing the content used our best endeavours to ensure that the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospect purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist
Property ID: 503716698Last Updated: 22 Oct 2021