Overview
- Updated On:
- November 25, 2025
- 190.00 m2
Property Description
Prime Retail Investment Sold on Mt Alexander Road, Ascot Vale
Address: 415 Mt Alexander Road, Ascot Vale, VIC 3032
This retail property for sale in Ascot Vale has now been sold. Offering a secure dual-income investment, the property includes a long-established ground floor Thai restaurant and a first-floor two-bedroom residential unit, ideal for investors seeking a high-profile, fully tenanted asset.
Mt Alexander Road Retail Property | Key Features:
Land area: 198 m²; floor area: 190 m²
Zoning: Commercial 1 Zone
Tenure: Tenanted Investment
Total annual net rent: $69,600
Restaurant tenant: Yim Yam Thai (since 2012) — $53,770 per annum plus outgoings & GST
Residential tenant: Two-bedroom unit — $20,800 per annum gross
Lease term: Five years with three further options
High-profile main road frontage: 7 m to Mt Alexander Road
Modern accommodation including first-floor 2-bedroom residence
Excellent transport links: 150 m from Maribyrnong Road, No. 59 tram at doorstep, within 1 km of Union Road, 800 m from Puckle Street
*This Mt Alexander Road retail property has now been sold as of August 2024.*
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