Knight Frank is delighted to offer For Sale via Auction this securely leased prime retail investment in one of Melbourne’s most tightly held and iconic retail strips. This generational property has been in the family for the past 60 plus years and will be brought to market for the very first time, making this one of the North’s rarest opportunities. Located on the corner of Matthews Avenue and Keilor Road, its location is without doubt the area’s most high profile location.

374 Keilor Road, Niddrie has the following key investment features:

- Secure leases to Blackgrape Accounting, Shiloh Hairdressing and Telstra
- Lease expiry ranging from Three (3) to Ten (10) years (with demolition clause at lessors discretion)
- Combined net income of $83,989.12* p.a.
- Annual 3% rental increases
- Building area of 241.5 sqm*, with a land area of 194 sqm*
- ROW access with rear car parking
- Flexible Commercial 1 Zoning
- Medium to long term development upside
- High exposure corner location
- Strategic location to the Essendon Fields and Melbourne International Airport

Niddrie is located only 13km from the Melbourne CBD and has a median house price of $1,080,000 and has had continual growth, so you can be confident this investment will perform well into the future.

The property will be open for inspection on Wednesdays between 10:30am - 11:00am each week, alternatively an inspection can be arranged by appointment.

374 Keilor Road, Niddrie is being sold via a public on-site Auction to be conducted on Friday the 23rd November at 12noon.