497 Macaulay Road,
Kensington, VIC 3031
Shops & Retail • Offices • Other
Key property information
Land area
Floor area
Zoning
Tenure type
Private inspections
to arrange a private inspection.
Map of 497 Macaulay Road
Train stations within 5 km of 497 Macaulay Road, Kensington, VIC 3031 Distance Kensington Station 122 m Macaulay Station 574 m South Kensington Train Station 639 m Newmarket Station 808 m Flemington Bridge Station 1.1 km POWERED BY HERE ©Tram stops within 5 km of 497 Macaulay Road, Kensington, VIC 3031 Distance 26-Newmarket Plaza/Racecourse Rd (Kensington) 713 m 25-Wellington St/Racecourse Rd (Flemington) 713 m 24Collett StRacecourse Rd Kensington 736 m 24Victoria StRacecourse Rd Flemington 779 m 23Stubbs StRacecourse Rd Flemington 842 m POWERED BY HERE ©Bus stops within 5 km of 497 Macaulay Road, Kensington, VIC 3031 Distance Kensington Railway StationMacaulay Rd 53 m Derby StKensington Rd Kensington 282 m Albermarle St/Macaulay Rd (Kensington) 383 m Cairncross Lane/Kensington Rd (Kensington) 414 m Altona St/Kensington Rd (Kensington) 509 m POWERED BY HERE ©
POWERED BY HERE ©
Renovated, Tenanted, 4km from CBD
Serving up hot charcoal chickens from a newly renovated retail shopfront and kitchen, complemented by a fresh studio apartment above and situated approximately 50m uphill from Kensington station, 497 Macaulay Road provides an abundance of future upside.
Occupants can make use of the shop front, spacious kitchen and rear garage/storage entrance, with quasi-separate access to the studio apartment/office upstairs. Investors can rest easy knowing that the tenant has been established in this building since 2017 having renewed the lease twice since.
With the opportunity for a market review in approximately 12 months, an established tenant, favourable zoning, busy retail strip, immediate access to public transport via bus stop at the doorstep and 50m to Kensington Station and only 4km to the CBD there are so many positive aspects to this investment and the list goes on:
• 129m2* land
• 138m2* building area
• Returning $55,673.9 per annum plus GST and outgoings
• Leased until the end of 2026 with one 3 year option to follow
• Commercial 1 zone
• 4km to CBD
• 50m* to Kensington station
• Refurbished kitchen
• Refurbished shopfront
• Refurbished studio apartment
• Rear street access
• Bus stops at the front door
• Nestled between the CBD, Footscray, Highpoint Shopping Centre and Flemington Racecourse
Call Dillon Chambers 0422 909 4... or Ryan Trickey 0400 380 4... for further information or to inspect, don't be chicken.
Occupants can make use of the shop front, spacious kitchen and rear garage/storage entrance, with quasi-separate access to the studio apartment/office upstairs. Investors can rest easy knowing that the tenant has been established in this building since 2017 having renewed the lease twice since.
With the opportunity for a market review in approximately 12 months, an established tenant, favourable zoning, busy retail strip, immediate access to public transport via bus stop at the doorstep and 50m to Kensington Station and only 4km to the CBD there are so many positive aspects to this investment and the list goes on:
• 129m2* land
• 138m2* building area
• Returning $55,673.9 per annum plus GST and outgoings
• Leased until the end of 2026 with one 3 year option to follow
• Commercial 1 zone
• 4km to CBD
• 50m* to Kensington station
• Refurbished kitchen
• Refurbished shopfront
• Refurbished studio apartment
• Rear street access
• Bus stops at the front door
• Nestled between the CBD, Footscray, Highpoint Shopping Centre and Flemington Racecourse
Call Dillon Chambers 0422 909 4... or Ryan Trickey 0400 380 4... for further information or to inspect, don't be chicken.
Additional information
External websites
Kensington, 3031 demographic data
The median household income for Kensington is $2,216, 17% higher than Greater Melbourne's household income of $1,901. Kensington has a younger age profile compared to the rest of Greater Melbourne (median age 35 vs 37). Property ownership data shows 61% of property owners in Kensington have a mortgage.
10,745
Population
$2,216 per week
Median household income
35 years
Median age
Renters
Most residents
Families
Most households
497 Macaulay Road
Kensington, VIC 3031
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