McDonald Upton is pleased to present this rare opportunity in the heart of bustling Union Road, Ascot Vale. Home to the iconic Little Byrd Cafe, this site offers dual income sources from the shop and rear dwelling, with the advantage of ROW access and off-street parking for two cars.
Key attributes:
● Land 180sqm approx. with excellent rear lane access for parking
● Long standing tenant returning $32,898 per annum approx. with 4% annual increase due in April 2022
● One bedroom unit with parking currently leased at $16,165 per annum
● Zoning - Commercial 1
This is one of the most popular cafes in the area, while the separately leased one bedroom unit offers a sleek modern home tucked privately at the rear, with kitchen, living, bedroom and bathroom/laundry.
In a prime position within Ascot Vale’s tightly-held business district with trams practically on the doorstep, it also offers outstanding future development potential with the option to add a second level (STCA).
Terms:
● 10% deposit
● Settlement: 30/60/90 days
The property will be sold via online auction on Thursday 17th March at 7pm.
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