$850,000 - $900,000
225 Melville Road, Pascoe Vale South, VIC 3044
Last updated: 25th May 2023
Listing ID: 46278
- 2 Parking spaces
- 154.0m2 Floor area
SECURE FREEHOLD INVESTMENT
• Rear access and on-site parking
• 3 x 3 x 3 Year Lease Agreement
• Rental $38,192.00 per Annum
• Area: 154m² approx.
Rendina Real Estate is pleased to offer a secure hospitality investment with dwelling.
225 Melville Road, Pascoe Vale South is a pure investment opportunity in the Bell St and Melville Rd precinct. The property is conveniently located at a walking distance to the tram number 58 city bound tram line, as well as to adjoining local businesses.
The property is occupied by Pizza Locale ‘Shop 225’, tackling a new, fresh approach to the local Pascoe Vale South culture. We are excited to announce that Pizza Locale have committed to a 3 x3 x 3 year lease agreement, with a net return of $38,192 per annum plus GST and outgoings. In operation since 2015, Pizza Locale has proven to be a strong and thriving business.
Should you require any further information, please contact Rendina Real Estate on 9381 6500.
** COVID-19 Announcement **
If you're attending an open for inspection, we request that you only attend if you are fit and healthy to do so and not under any self-isolation conditions. We request that you maintain a healthy distance from anyone attending the open for inspection, including other prospective buyers and our team members, and if requested wait outside so as to reduce the number of people in the property at any one time. Lastly, please refrain from touching items/fixtures and doors within the properties. If you would like to view something in particular, please request the agent's assistance.
Thank you for your understanding.
This property is very walkable with most errands able to be accomplished on foot. Great for getting chores done over lunchtime. Seek out the lunch and coffee options close by. There is good transit available from here with many nearby public transportation options.
- Walker's Paradise
- Daily errands do not require a car
- Very Walkable
- Most errands can be accomplished on foot
- Somewhat Walkable
- Some errands can be accomplished on foot
- Car Dependent
- Most errands require a car
- Car Dependent
- Almost all errands require a car
- Rider's Paradise
- World-class public transportation
- Excellent Transit
- Transit is convenient for most trips
- Good Transit
- Many nearby public transportation options
- Some Transit
- A few nearby public transportation options
- Minimal Transit
- It is possible to get on a bus