301A - 303 Napier Street, Strathmore, VIC 3041

Retail | Development/Land

Sold

  • Property ID: 421351
  • Floor Area: 324m²
  • Land Area: 683m²
  • NBN Availability: Service Available - Fibre to the curb (FTTC)
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold 15/12/2022 324m2 683m2 Contact Agent
PRIME INVESTMENT

Vinci Carbone are pleased to be able to offer this outstanding retail investment freehold comprising three (3) fully leased retail shops all on one (1) Title located within the tightly held Strathmore Village.

This is a rare opportunity to secure an excellent retail holding with future development upside (STCA).

Key highlights:

3 fully leased retail shops returning $105,145.84 per annum* plus GST (effective 01/12/2022)
Prized property in the heart of Napier Street shopping precinct
Substantial Commercial 1 zoned land with frontage of almost 18 metres and rear ROW frontage
Building area of 324 sqm*
Potential to subdivide (STCA)
Ample on street parking in addition to on-site parking at rear of property
Well patronised businesses

The property is well serviced by major arterial roads, namely Calder Freeway, Tullamarine Freeway and the Western Ring Road, all within close proximity offering easy access to the Melbourne CBD and airports.

The neighbourhood is serviced by the Strathmore Train Station (Craigieburn line) and bus route 469 along Napier Street. The 59 tram line also operates along Mt Alexander Road with direct access to the CBD.

*approx

Strathmore Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $3425 --- ---
Offices $3425 --- ---
This is the average advertised price, rent and yield for Strathmore, VIC 3041*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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