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$880,000 - $950,000
- Current total rental income approx $42,000 per year.
A rare and exciting opportunity to secure a dual income mixed-use property in a residential zone offering a shop front and private dwelling at the rear within few minutes of driving distance to Monash University. Having undergone renovations, both spaces are modern and well-designed with no further work required. Currently established as a popular café with a full kitchen and seating service, yielding a leasing income of $22,000 per year on a 5+5+5 year lease, whilst the 3 bedroom residence, currently leased, could return a healthy rental income of $440 per week. The property can be continued in the current state or convertible into a fully residential property at the end of shop lease. Nestled amongst a bustling residential zone, close to Waverley Gardens Shopping Centre, schools, parks, public transport and the M1 Freeway.
Wonderfully updated, the home is defined by an open plan layout comprising a light-filled lounge and a spacious meals alongside a timber toned kitchen appointed with a Fisher & Paykel oven, a Blanco microwave and a Bosch dishwasher. All 3 bedrooms are comfortably fitted with built-in robes and well-serviced by a sparkling bathroom, separate water closet and laundry. Featuring split system heating and cooling, a side decking area, a good sized garden and off-street parking for 2 cars.
Enjoying plenty of customer parking up front, this mixed space makes perfect investment sense. Adding to the appeal is its convenient locale placed just footsteps from Albany Rise Primary, Wellington Secondary College, Albany Drive Reserve and a reliable bus network. Enjoying easy access to Mazenod College, Waverley Gardens Shopping Centre and the Monash Freeway. Enquire today, own tomorrow and reap the benefits of two solid rental streams. Alternatively, live at the back and enjoy a fresh morning brew every day!
27-29 Mahoneys Road, Forest Hill VIC 3131
Call Michael Ganavas on
0421570657
Call Hugh Francis on
0401265338
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