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640 Barkly Street West Footscray, VIC 3012

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640 Barkly Street,
West Footscray, VIC 3012

Shops & Retail • Showrooms & Large Format Retail

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Floor area

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Map of 640 Barkly Street

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FIRST FLOOR - 3 BEDROOM APARTMENT OFFERED WITH VACANT POSSESSION & GROUND FLOOR - LEASE EXPIRING 30 JUNE 2023

Plonk yourself right in the heart of the WeFo action with this rarer-than-hens-teeth opportunity to purchase an iconic business and residential property. Situated on the corner of buzzing Barkly and picturesque Elphinstone Streets, this is your chance to secure the best of both worlds, with the spacious, light-filled shopfront downstairs commanding attention from passing foot and drive-by traffic, and an updated, move-right-in apartment upstairs. Whether you make it your home with the security of the reliable, long-term business tenant downstairs or you rent the apartment out - this is a chance homeowners and investors alike will kick themselves if missed. Wake up in the master bedroom to views of the city skyline, roll across the street for a first-class coffee from Post Industrial Design, take a short stroll for lunch at Dumbo, and while away the evenings in the private, landscaped north-facing courtyard, complete with grassed area and paved undercover entertaining space. Heading into the city? Leave the car locked securely in the double garage and take the easy fifteen-minute walk to West Footscray station. Kids? They'll love it here too. Scoot to the playground, walk to school at Footscray West Primary, or catch the tram to Footscray High. This address is in a highly coveted school zone actively sought out by families. Current rental return $19,127.22 per annum.

Features include:
Shopfront
• Existing long-term tenant
• Adjoining storeroom, laundry and bathroom
• Spiral staircase access to apartment above
• Corner position in highly visible location
• Easy street parking for customers


Apartment
• 3 bedrooms:
Master bedroom with WIR, ensuite and city views
Other bedrooms both with BIR
• Central bathroom with shower over bath
• Separate toilet
• Open-plan kitchen/dining/living area
• Polished boards in living/dining area and bedrooms
• Split system heating/cooling
• Access via external staircase and spiral staircase from shop
• Landscaped, secure, private courtyard with grassed area and undercover entertaining area

West Footscray, 3012 demographic data

The median household income for West Footscray is $1,989, 5% higher than Greater Melbourne's household income of $1,901. West Footscray has a younger age profile compared to the rest of Greater Melbourne (median age 35 vs 37). Property ownership data shows 60% of property owners in West Footscray have a mortgage.

11,729
Population
$1,989 per week
Median household income
35 years
Median age
Owners
Most residents
Families
Most households
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640 Barkly Street
West Footscray, VIC 3012

Detailed listing

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