199 Main Street Lilydale VIC 3140

Land Area Tenure Type
669m2 Tenanted

Prime Commercial Investment Opportunity
This exceptional property offers a unique investment opportunity in a sought-after location, just 500m from key amenities including a train station, major supermarkets, hotels, bakeries, restaurants, and cafes. The property comprises two distinct components: a tenanted building with stable income and vacant rear land with development potential. Flexible purchase options allow you to tailor your investment to your goals.

Key Features:
Prime Location: Within walking distance to transport, shopping, dining, and entertainment.
Dual Opportunity: A combination of income-generating assets and development-ready land.

Your Investment Options:
1. Tenanted Building:
o Secure income from three established tenants on long-term leases.
o Tenants pay all outgoings, ensuring a low-maintenance investment.
o Attractive capitalisation rate exceeding 5%, with annual rent increases.
o Building features two floors with a total area of 626sqm (approx.).

2. Vacant Rear Land:
o 324sqm (approx.) zoned Commercial 1.
o Perfect for a mixed-use development (residential and commercial) to
maximise returns.
o Requires right-of-way access for the lower-ground tenant.

3. Full Acquisition:
o Combine both assets to unlock the property's full potential.
o Opportunity to subdivide and capitalise on future growth.

Property Overview:
Total Land Area: 669sqm (approx.).
Tenanted Building Footprint: 345sqm (approx.).
Rear Vacant Land: 324sqm (approx.).

This versatile property provides a rare chance to secure an asset with immediate income and future development potential in a thriving location. Whether you're looking for stable rental returns, a development project, or a combination of both, this property delivers.

Don't miss out-secure your next investment today!

For further information or to arrange an inspection, please contact us.
Bradley Knight 0427 301 538