914-918 Mt Alexander Road,
Essendon, VIC 3040

Shops & Retail

Key property information

Land area

Floor area

Tenure type

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Map of 914-918 Mt Alexander Road

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HIGH PROFILE INVESTMENT SOLD

HIGH PROFILE LOCATION
BRAND NEW LONG TERM LEASE
EXPERIENCED OPERATOR

Impressive two-level freehold building offered with brand new lease to experienced tenant currently undertaking extensive renovation, offering a modern restaurant, bar and function venue.

High profile location in the heart of the Essendon retail precinct positioned on the highly desirable Mount Alexander Road.

New 5+5+5+5 Year Lease
Staggered rent from $110,000 to $150,000pa net over initial term
Building Area: 525 sqm*
Land Area: 353 sqm* with rear access
Commercial 1 Zone (C1Z)

*approx

***SOLD***

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

Vinci Carbone Property Pty Ltd - Melbourne

Level 10, 100 Collins Street
MELBOURNE, VIC 3000