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About this property
The Property • Substantial freehold building with two street frontages • Spread your income across 5 tenants! • Next to a large council carpark, • Returning $167,286 per annum gross • Net return circa $135,604 per annum (with Land Tax deducted) • Long-term lease to the front shop facing Nicholson Street • New lease to the rear shop facing Trugo Lane • $81,246 per annum gross from the shops • 2 x 2 bedroom apartment • 1 x 3 bedroom apartment • $86,040 per annum from the residential • Future redevelopment site on the main road, activity centre zone. Up to 6 + levels (STCA) The Location • The Footscray CBD is undergoing a major transformation under the local area plan • Only 5 kms from the CBD • Prominent cultural and commercial centre in the inner west • Surrounded by shopping, dining and public transport
Property Details
- Property Type
- land
- Listing Type
- For Sale
- Bedrooms
- 7
- Bathrooms
- 4
- Land Area
- 222 m²
- Listed
- 2 days ago
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Neighbourhood
Living in Footscray
This 7-bedroom land in Footscray, VIC 3011 sits within reach of public transport, local shops and nearby schools.
Schools near Footscray
- Western English Language School-Footscray Campuscombined
- Footscray City Primary Schoolprimary · Prep-6 · CoEd
- Footscray North Primary Schoolprimary · Prep-6 · CoEd
- Footscray Primary Schoolprimary · Prep-6 · CoEd
- Footscray High Schoolsecondary · 7-12 · CoEd
- Footscray High School - Barkly Campussecondary
What's nearby
- Train Replacement Bus & Coach Stop (bus) — 87 m away
- Unnamed — 45 m away
- Nicholson Street Pedestrian Mall — 128 m away
- Maddern Reserve — 138 m away
- Railway Reserve — 148 m away
Footscray at a glance
Full suburb profile- Population
- 17,131
- Median age
- 34
- Household income
- $1,763/wk
- Median rent
- $355/wk
- Median mortgage
- $1,940/mo
Source: ABS Census.
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Suburb market
Suburb price trend
Footscray price trend
Median sold · House 2 bed
Compound growth -0.9% / yr over 4 yrs
Suburb-wide medians from sold listings — a guide to the area, not this specific property.
Full Footscray marketSide-by-side analysis
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