413 Keilor Road,
Niddrie, VIC 3042

Development Sites & Land • Shops & Retail

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PRIME FREEHOLD WITH FUTURE UPSIDE

SECURELY LEASED
EXCELLENT REAR ACCESS
DEVELOPMENT UPSIDE (STCA)

Nelson Alexander Commercial are pleased to offer for Private Sale this prime retail shop front located in one of Melbourne's most iconic and tightly held retail strips. Securely leased and with future rental/development (STCA) upside this is a rare opportunity to secure a freehold in a prominent location surrounded by a number of established and national retailers.

Key Property Features:

• Zoning: Commercial 1
• Land Size: 210sqm*
• Total building Area: 160sqm*
• Lease Terms: 3 Years commencing 1/3/19 with options
• Rent: $37453 as at March 2020
• Fixed 3% annual increases
• Excellent rear access via paved ROW

For all property enquiries or to arrange an inspection, please contact exclusive selling agents Nelson Alexander Commercial on 9419 5511.

*all measurements are approximate

Niddrie, 3042 demographic data

The median household income for Niddrie is $2,213, 16% higher than Greater Melbourne's household income of $1,901. Niddrie has an older age profile compared to the rest of Greater Melbourne (median age 40 vs 37). Property ownership data shows 49% of property owners in Niddrie have a mortgage.

5,901

Population

$2,213 per week

Median household income

40 years

Median age

Owners

Most residents

Families

Most households

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