349-355 Keilor Road
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About this property
• Rare opportunity - Four heritage-listed, two-storey shopfronts with courtyards and a rear driveway, all on one title • Dependable leases to three premises, with one vacant for to suit a variety of potential businesses • Exceptionally placed in the heart of the Keilor Road shopping and lifestyle precinct Measuring a vast 848sqm (approx.) across four heritage-listed shopfronts, retaining original features, courtyards, and a rear driveway accessing all properties, this landmark collection of premises represents one of the most significant commercial opportunities to grace the Essendon market for some time. Built in 1951, kept in impressive condition, and remaining in the same family for over 75 years, each property's plan sprawls over two storeys, with only 355 Keilor Road currently vacant and remaining shops (349, 351, and 353) dependably leased with options to extend. With high-density developments already completed and more expected imminently, an ever-growing amount of foot traffic and exposure ensure businesses have excellent capacity to thrive, ideal for any investor seeking several passive incomes to grow into the future. Noteworthy points include: - A total of four heritage-listed shopfronts with courtyards and a rear driveway for parking - Three premises leased to long-term tenants with options to extend agreements further - Almost $190,000 p.a. rental income from only three of the four shops (over $252,000 p.a. projected with all shops leased) - Two-storey layouts with excellent space for a variety of business types - Zoning: Commercial 1 Zone (C1Z) - Land: 848sqm (approx.) Location: - Approx. 9km from the CBD - 59 Tram passing its front door to reach hospitals, universities, Queen Victoria Market, and the CBD - Tullamarine/Calder Freeways, CityLink, and the Western Ring Road streamlining commutes to the city, airport, and regional centres in every direction - In the heart of a rapidly developing, vibrant lifestyle strip famous for its cuisine, shopping, and nightlife For more information, please contact: Anthony Elliott 0433 171 740 Jane Campbell 0411 029 926 Joel Campbell 0438 838 014
Property Details
- Property Type
- house
- Listing Type
- For Sale
- Bedrooms
- 4
- Bathrooms
- 4
- Parking
- 8
- Land Area
- 848 m²
- Listed
- 3 months ago
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Neighbourhood
Living in Essendon
This 4-bedroom house in Essendon, VIC 3040 sits within reach of public transport, local shops and nearby schools. It is listed 165% above the $1.21m median of 51 comparable houseswithin 5 km.
Schools near Essendon
- Lowther Hall Anglican Grammar Schoolcombined · Prep-12 · Girls
- Penleigh & Essendon Grammar School - Essendon Campuscombined
- Aberfeldie Primary Schoolprimary · Prep-6 · CoEd
- Essendon Primary Schoolprimary · Prep-6 · CoEd
- Buckley Park Collegesecondary · 7-12 · CoEd
- Islamic College of Sport - North Campussecondary
What's nearby
- Essendon North Primary School (bus) — 873 m away
- Minuteman Press — 794 m away
- Unnamed — 556 m away
- Unnamed — 600 m away
- Unnamed — 659 m away
Essendon at a glance
Full suburb profile- Population
- 21,240
- Median age
- 39
- Household income
- $2,132/wk
- Median rent
- $380/wk
- Median mortgage
- $2,275/mo
Source: ABS Census.
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Essendon price trend
Median sold · House 4 bed
Compound growth +1.3% / yr over 4 yrs
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