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Miles Real Estate - Ivanhoe & Rosanna

7 Rowe Street Alphington, VIC 3078


7 Rowe Street,
Alphington, VIC 3078

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Miles Real Estate - Ivanhoe & Rosanna
Paul Evans
Tim Mitchell

Miles Real Estate - Ivanhoe & Rosanna

143 Upper Heidelberg Road
Miles Real Estate - Ivanhoe & Rosanna
7 Rowe Street
Alphington, VIC 3078

Map of 7 Rowe Street


A Unique Property with a Rich History!

SOLD by Miles Real Estate.
This two-level building, once a bank, has been transformed into a thriving restaurant bar and the freehold is now up for sale. The property offers an investor a set and forget investment with a new 5 year lease ensuring immediate income generation from the day of settlement.

Situated adjacent to Alphington Station and just north of Heidelberg Road, the property enjoys the benefits of such excellent neighbours as Dan Murphy's, Red Rooster and an assortment of other restaurants and recreational uses. Located in a flourishing high-end neighbourhood surrounded by parklands.

Over two levels, there's ample space for further creative development or to repurpose the building to a different use in the future.

Investor looking for a steady income stream from a unique property in a great location, 7 Rowe Street is an attractive purchase.

- Land area: 441 sqm (approx.)
- Zoning: General Residential
- Lease 5 + 5 + 5 years
- Returning $79,000 per annum net (as of March 2024)

Terms: 10% Deposit Balance 60/90 Days

For further details or to inspect contact:
Tim Mitchell 0417 339 9...
Paul Evans 0408 144 1...
Mark Dixon 0423 395 699

Property ID: 504499412Last Updated: 13 May 2024

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