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Colliers - Essendon Fields

40 Leeds Street Footscray, VIC 3011

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40 Leeds Street,
Footscray, VIC 3011

Shops & Retail • Development Sites & Land
Added 5 days ago

Key property information

Land area

Floor area

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$154,131
Number of Tenants
4 Tenants

Auction

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Private inspections

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Colliers - Essendon Fields
Ervin Niyaz
Travis Keenan

Colliers - Essendon Fields

Suite 1, 6 English Street
ESSENDON FIELDS, VIC 3041
Colliers - Essendon Fields
40 Leeds Street
Footscray, VIC 3011

Map of 40 Leeds Street

Directions
  • Train stations within 5 km of 40 Leeds Street, Footscray, VIC 3011Distance
    Footscray Station137 m
    Middle Footscray Station848 m
    Seddon Station1 km
    West Footscray Station1.5 km
    Flemington Racecourse Station1.8 km
    POWERED BY HERE ©
  • Tram stops within 5 km of 40 Leeds Street, Footscray, VIC 3011Distance
    63-Footscray Market/Leeds St (Footscray)54 m
    63-Leeds St/Hopkins St (Footscray)75 m
    62Nicholson StHopkins St Footscray118 m
    62-Nicholson St/Droop St (Footscray)145 m
    61-Geelong Rd/Droop St (Footscray)612 m
    POWERED BY HERE ©
  • Bus stops within 5 km of 40 Leeds Street, Footscray, VIC 3011Distance
    Hopkins StLeeds St44 m
    Leeds StPaisley St90 m
    Leeds St/Hopkins St (Footscray)100 m
    Nicholson StPaisley St127 m
    Nicholson StDroop St189 m
    POWERED BY HERE ©
POWERED BY HERE ©

Prominent Corner Freehold in Core of Footscray CBD

  • 4 tenancies with 3 street frontages
  • Returning $154,131* pa plus GST
  • Within strategic gentrification precinct
Colliers Melbourne North West are delighted to offer 40 Leeds Street, Footscray for sale by Public Auction on Friday 6th March at 1pm on-site.

Key investment highlights:

• 100% leased investment returning $154,131* per annum plus GST
• Well-presented two-level building comprising four separate self-contained tenancies with street access and lift to first floor
• Strategic corner landholding of 324sqm* positioned in the core of Footscray CBD’s retail, lifestyle and education precinct
• Three street frontages totalling 51 meters* to Leeds Street, Chambers Street and Grand Theatre Circuit
• Within favourable Activity Centre Zone – schedule 1
• Surrounded by a vibrant mix of tenants including Westpac Bank, ANZ, Coles, Kmart, specialty retailers and eateries
• Underpinned by major healthcare providers along with thousands of apartment towers offering strong future investment growth prospects
• Positioned between two Victoria University campuses and Footscray market further enhancing the area’s trade catchment
• Significant government spending throughout the suburb with one of Victoria’s largest ever health infrastructure projects – the new $1.5 billion Footscray Hospital only 600 meters* north
• Serviced by outstanding amenities including Footscray Train Station 100 meters* and trams / bus networks at the doorstep
• Excellent connectivity to major linkages including Ballarat, Dynon and Footscray Roads and the newly opened Westgate tunnel
• Tenants pay all usual outgoings as per the lease
• Unmissable opportunity with strong future upside and rental growth prospects

For more information or to arrange an inspection please contact the exclusive selling agents Colliers:

Ervin Niyaz 0404 808 3...
Travis Keenan 0412 120 9...

Footscray, 3011 demographic data

The median household income for Footscray is $1,763, 7% lower than Greater Melbourne's household income of $1,901. Footscray has a younger age profile compared to the rest of Greater Melbourne (median age 34 vs 37). Property ownership data shows 63% of property owners in Footscray have a mortgage.

17,131
Population
$1,763 per week
Median household income
34 years
Median age
Renters
Most residents
Families
Most households

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