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416 & 416A Bell Street
Pascoe Vale South VIC 3044
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Sold on 21 Mar 2024

416 & 416A Bell Street Pascoe Vale South VIC 3044

  • Offices
  • 422 m²
  • Sold

A winning double

  • Total land area 439sqm*
  • Securely Leased at $96,780pa net
  • Total building area 422sqm*

Two quality retail properties on one title

GrayJohnson is pleased to bring to the market these two properties on a single title, to be sold as one. Both properties are securely leased and offer strong investment returns.

Occupying the corner of Bell Street and Turner Street, the two-storey retail premises are currently in use as offices. The well-presented building of 300sqm* has excellent exposure to Bell Street, a major arterial in Melbourne's inner north. A wide laneway at the rear also provides access to three off-street car parks. It is currently returning $63,500 p.a. net plus GST.

The adjoining single-level retail shop at 416A faces Turner Street. With a building area of 122sqm*, it is currently returning $33,280 p.a. net plus GST. It has one car park off the laneway.

Total land area 439sqm*
Zoned Commercial 1
Total building area 422sqm*
Off street car parking
Frontage to Bell Street 13.1m*
Land frontage to Turner Street 33.5m*

The properties are located on a high profile corner in a busy precinct with a mix of retail, fast food and service businesses. Near neighbours include Piedimonte's Supermarket, McDonald's and Hungry Jack's. There is a bus stop outside the premises in Turner Street and it's a two-minute walk to the No.58 tram. Bell Street provides direct access to the Tullamarine Motorway (M2) and from there to the Western Ring Road (M8). Merri-bek City Council is currently developing a new community park nearby.

With tenants in place and assured ongoing rental returns this is an outstanding opportunity to secure quality property in a thriving inner north location just 8km from the Melbourne CBD.

*approx.

AUCTION

Auction date and time21/03/2024 12:00
Auction location416 & 416a Bell Street, Pascoe Vale South VIC
Gray Johnson
Gray Johnson
9/30 Collins Street
Melbourne, VIC 3000

Property Highlights

Date Sold21 Mar 2024
Floor Area422 m²
Land AreaAsk Agent
Parking4 x Onsite parkings
Property ID2019074344
Category
Last updated  25 Jun 2024
Map for 416 & 416A Bell Street Pascoe Vale South VIC 3044
Gray Johnson
Gray Johnson
9/30 Collins Street
Melbourne, VIC 3000

Property Highlights

Date Sold21 Mar 2024
Floor Area422 m²
Land AreaAsk Agent
Parking4 x Onsite parkings
Property ID2019074344
Category
Last updated  25 Jun 2024

More about 416 & 416A Bell Street Pascoe Vale South VIC 3044

416 & 416a Bell Street Pascoe Vale South VIC 3044 is categorized as Office. It has a floor area of 422 m². There are 4 x onsite parkings.The listing ID for this property is 2019074344.

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