2/132 Alexander Ave,
Thomastown, VIC 3074

Shops & Retail

Key property information

Floor area

Sold on

Map of 2/132 Alexander Ave

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SOLID AND AFFORDABLE INVESTMENT

This stylish freehold shop of approx 93sqm is on a secure lease of 2x2x3 (currently into 2nd term) and returns $9180pa with guaranteed increases of 3%pa. As the tenant pays all outgoings, this opportunity surely is better value (and probably less hassle) than any residential investment, and at this price it provides a great entry into real estate investment.

Thomastown, 3074 demographic data

The median household income for Thomastown is $1,225, 36% lower than Greater Melbourne's household income of $1,901. Thomastown has an older age profile compared to the rest of Greater Melbourne (median age 39 vs 37). Property ownership data shows 36% of property owners in Thomastown have a mortgage.

20,234

Population

$1,225 per week

Median household income

39 years

Median age

Owners

Most residents

Families

Most households

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