5 Woodland Street,
Essendon, VIC 3040
Shops & Retail
Key property information
Floor area
Car spaces
Parking info
Tenure type
Sold on
Map of 5 Woodland Street
FUTURE INVESTMENT IN PRIME LOCALE
This perfectly positioned retail shop has been leased to long established Fish & Chips operators and offers the new buyers a positive rental upside at the end of the current lease term which expires in 2026.
There is ample space for further development subject to approval from relevant authorities, and rear road access to provide easy accessibility.
This is an opportunity for the astute buyer who can look outside the box and see the future potential, and not be overly concerned about the current rent which is well below market.
There is ample space for further development subject to approval from relevant authorities, and rear road access to provide easy accessibility.
This is an opportunity for the astute buyer who can look outside the box and see the future potential, and not be overly concerned about the current rent which is well below market.
Essendon, 3040 demographic data
The median household income for Essendon is $2,132, 12% higher than Greater Melbourne's household income of $1,901. Essendon has an older age profile compared to the rest of Greater Melbourne (median age 39 vs 37). Property ownership data shows 47% of property owners in Essendon have a mortgage.
21,240
Population
$2,132 per week
Median household income
39 years
Median age
Owners
Most residents
Families
Most households
5 Woodland Street
Essendon, VIC 3040
Real Estate Edge - EssendonLevel 1, 180 Keilor Road
ESSENDON NORTH, VIC 3041
ESSENDON NORTH, VIC 3041
More properties from Real Estate Edge - Essendon
Other properties you might be interested in based on the location and property type you are looking at.
