126a Mitchell Street Maidstone VIC 3012

This outstanding property is being offered for sale for your consideration by Hewett Commercial. The land has a 5.5 metre frontage and zoned Commercial 1 with a land area of approximately 134 sqm.

Positioned on Mitchell Street near Ballarat Road, this opportunity is surrounded by growing residential areas, excellent street parking and boast highly convenient rear access.

126a Mitchell Street features include:
+ 36sqm retail premises
+ 2x One (1) bedroom residential units (currently tenanted)
+ 2x Large private north facing outdoor courtyard / balcony
+ 2x Spacious bathroom and laundry facilities
+ 2x Full sized kitchen and lounge / dining areas
+ Private decking overlooking busy Mitchell Street and Cambridge Reserve
+ Indicative rental $65,000 - $70,000 PA plus applicable outgoings

Located in marvellous Maidstone, these properties are located around 8 km north-west of the CBD. The area is predominately residential and has significant commercial active create a large amount of employment for the region. The suburb has a median unit price of $612,000, similar to the Metro Melbourne comparison in the REIV's current quarter. Maidstone also boasts a median price of $902,500, almost 12% higher than the Metro Melbourne comparison for 3-bedroom houses in the REIV's current quarter.

Surrounding this location
+ Medway Gold Club
+ Starbucks
+ 7 Eleven
+ North Maidstone Kindergarten
+ Elite Hands Barber
+ Viet Street Eats
+ Jack B Nibble Cafe
+ The Naughty Greek Restaurant
+ Western Health Footscray Hospital
+ Western Private Hospital
+ Highpoint and Central West Shopping Centres

There is also future development potential (STCA) and all figures approximated and interested buyers are requested to confirm all details on the final sale documentation prior to proceeding.

Please call Andrew exclusively for more information or inspection times.