5-7 Anderson Street,
Yarraville, VIC 3013

Shops & Retail • Offices

Key property information

Land area

Floor area

Tenure type

Sold on

Map of 5-7 Anderson Street

Directions

Large Double Fronted Freehold In The Heart Of The Action

Land area of 234m2 approx. with 10.67m approx. frontage plus side pedestrian walkway that allows separate access to dwellings and future activation of the property.

Consisting of 2 shops and 2 separately accessed dwellings on first floor.

Sold with existing planning permit for boutique mixed use development

Shops leased for $48,000 per annum + GST on 2 + 2 year lease, dwellings are vacant.

Short term lease profile allows for amazing development / value add potential.

Potential for significant uplift in the income of the property in the immediate and short term.

Superbly located in the heart of Yarraville retail village accompanied by award winning restaurants and cafes. The property is also a short stroll away from the Yarraville train station and bus routes.

Yarraville, 3013 demographic data

The median household income for Yarraville is $2,485, 31% higher than Greater Melbourne's household income of $1,901. Yarraville has a similar age profile compared to the rest of Greater Melbourne (median age 37). Property ownership data shows 58% of property owners in Yarraville have a mortgage.

15,636

Population

$2,485 per week

Median household income

37 years

Median age

Owners

Most residents

Families

Most households

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