490 Macaulay Road , Kensington

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** SOLD **

Gross Waddell ICR is pleased to present 490 Macaulay Road, Kensington to be offered for sale by Public Auction on Thursday 30th November 2023 at 12pm onsite.

Located within the centre of the bustling and tightly held Macaulay Road Village shopping strip, this rare opportunity presents the astute investor the chance to acquire an outstanding freehold investment.

• Leased to Erinbank Gift and Book Store

• Income: $53,045* p.a. + GST

• 3 year lease, plus 2 further options of 3 years

• Annual increases 3% per annum, market review at option(s)

• Land area of 222sqm*

• Building area of 200sqm*, consisting of a large ground floor shop plus first floor studio apartment

• Access via right of way (ROW) at the rear allowing for the potential of off-street car parking

• Surrounded by numerous national and established tenants

For further information or to organise an inspection, please contact Gross Waddell ICR directly.


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Level 1, 30 Collins Street
Melbourne VIC 3000