This outstanding property is being offered for sale for your consideration by Hewett Commercial. The land has a 5.5 metre frontage and zoned Commercial 1 with a land area of approximately 134 sqm.

Positioned on Mitchell Street near Ballarat Road, this opportunity is surrounded by growing residential areas, excellent street parking and boast highly convenient rear access.

Features include:
+ 2x One (1) bedroom residential units (currently tenanted)
+ 2x Large private north facing outdoor courtyard / balcony
+ 2x Spacious bathroom and laundry facilities
+ 2x Full sized kitchen and lounge / dining areas
+ Private decking overlooking busy Mitchell Street and Cambridge Reserve
+ 36sqm retail premises leased to beauty salon.
+ Total net rental estimated to be $63,000 pa plus outgoings plus GST

Located in marvellous Maidstone, these properties are located around 8 km north-west of the CBD. The area is predominately residential and has significant commercial active create a large amount of employment for the region. The suburb has a median unit price of $612,000, similar to the Metro Melbourne comparison in the REIV's March quarter. Maidstone also boasts a median price of $902,500, almost 12% higher than the Metro Melbourne comparison for 3-bedroom houses in the REIV's March quarter.

All figures approximated and interested buyers are requested to confirm all details on the final sale documentation prior to proceeding.

Please call Andrew exclusively for more information or inspection times.