Secure a high-performing commercial investment in the heart of Essendon, ideally positioned just off Mount Alexander Road with excellent transport connectivity and strong surrounding amenity.

Situated on approximately 226m² of land, the property comprises a modern two-level commercial building totalling 352.4m², with 162.5m² on the ground floor and 189.9m² on the first floor. The building is fully leased across two tenancies and includes four on-site car parks, configured as two tandem spaces per floor.

The property generates a strong and reliable income with a current total net rental of approximately $74,100 per annum plus GST and outgoings, comprising:

• Ground Floor: approx. $46,000–$46,718 p.a. + GST
• First Floor: approx. $27,000–$27,382 p.a. + GST

Lease Details:

• Ground Floor: Commenced 01/02/2026, current term to 31/01/2031, with a further 5-year option
• First Floor: Commenced 09/12/2021, current term to 09/12/2024, with a further 5-year option

Zoned Commercial 1 (B1Z), the asset offers excellent long-term flexibility and broad future-use potential.

Strategically located within walking distance to Mount Alexander Road, Essendon Train Station (Craigieburn Line) and Tram Route 59, the property also provides easy access to CityLink, Melbourne CBD, and Melbourne Airport. Surrounded by cafes, retail, and professional services, this is a tightly held commercial precinct with enduring demand.

Title Details: Certificate of Title – Volume 5953 Folio 521 Lot 1 on Plan of Subdivision TP224480

A rare opportunity to secure a well-located, fully leased commercial freehold with strong income and long-term upside.