3 North Street Ascot Vale VIC 3032

Stonebridge Property Group are pleased to present for sale 3 North Street, Ascot Vale.

The key highlights of the opportunity include:

- The AAA+ investment is 100% leased by Viva Leisure (ASX: VVA) on a renewed 5-year term

- Viva Leisure span 175 venues nationally, boast a market cap in excess of $140m and 30,000+ members.

- Positioned on 1,307 sqm* of underlying land with multiple points of entry & exit, major street exposure & 28 on-title car parks.

- Strategically bookended between Woolworths & Dan Murphys, both of which boast highly convenient customer parking.

- The ultimate land bank investment with a proven history of development potential (plans and permits have been previously approved for a 5 level mixed use project)**

- Substantial building spanning 811sqm* over two open-plan levels the layout is well suited to a multitude of future uses, notably medical given the carparking.

- Located in the affluent suburb of Ascot Vale just 6km* north west of the Melbourne CBD.

- The tenant is perfected suited to the surrounding population with a median household income 15.3% above greater Melbourne and average age of 37.

- Providing annual income of $294,000 + GST + Outgoings* (including land tax)

3 North Street, Ascot Vale is For Sale via Expressions of Interest closing Friday 11th April 2025 at 3PM (AEDT).

To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Nic Hage
0448 782 594

Ian Lam
0416 621 859

Rorey James
0439 400 081

*Approximately

Property Code: 1202