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199 Main Street, Lilydale, VIC 3140
In the Heart of Town Calling all Developers / Investors
Land Area Tenure Type
669m2 Tenanted
Prime Commercial Investment Opportunity
This exceptional property offers a unique investment opportunity in a sought-after location, just 500m from key amenities including a train station, major supermarkets, hotels, bakeries, restaurants, and cafes. The property comprises two distinct components: a tenanted building with stable income and vacant rear land with development potential. Flexible purchase options allow you to tailor your investment to your goals.
Key Features:
• Prime Location: Within walking distance to transport, shopping, dining, and entertainment.
• Dual Opportunity: A combination of income-generating assets and development-ready land.
Your Investment Options:
1. Tenanted Building:
o Secure income from three established tenants on long-term leases.
o Tenants pay all outgoings, ensuring a low-maintenance investment.
o Attractive capitalisation rate exceeding 5%, with annual rent increases.
o Building features two floors with a total area of 626sqm (approx.).
2. Vacant Rear Land:
o 324sqm (approx.) zoned Commercial 1.
o Perfect for a mixed-use development (residential and commercial) to
maximise returns.
o Requires right-of-way access for the lower-ground tenant.
3. Full Acquisition:
o Combine both assets to unlock the property's full potential.
o Opportunity to subdivide and capitalise on future growth.
Property Overview:
• Total Land Area: 669sqm (approx.).
• Tenanted Building Footprint: 345sqm (approx.).
• Rear Vacant Land: 324sqm (approx.).
This versatile property provides a rare chance to secure an asset with immediate income and future development potential in a thriving location. Whether you're looking for stable rental returns, a development project, or a combination of both, this property delivers.
Don't miss out-secure your next investment today!
For further information or to arrange an inspection, please contact us.
Bradley Knight 0427 301 538
669m2 Tenanted
Prime Commercial Investment Opportunity
This exceptional property offers a unique investment opportunity in a sought-after location, just 500m from key amenities including a train station, major supermarkets, hotels, bakeries, restaurants, and cafes. The property comprises two distinct components: a tenanted building with stable income and vacant rear land with development potential. Flexible purchase options allow you to tailor your investment to your goals.
Key Features:
• Prime Location: Within walking distance to transport, shopping, dining, and entertainment.
• Dual Opportunity: A combination of income-generating assets and development-ready land.
Your Investment Options:
1. Tenanted Building:
o Secure income from three established tenants on long-term leases.
o Tenants pay all outgoings, ensuring a low-maintenance investment.
o Attractive capitalisation rate exceeding 5%, with annual rent increases.
o Building features two floors with a total area of 626sqm (approx.).
2. Vacant Rear Land:
o 324sqm (approx.) zoned Commercial 1.
o Perfect for a mixed-use development (residential and commercial) to
maximise returns.
o Requires right-of-way access for the lower-ground tenant.
3. Full Acquisition:
o Combine both assets to unlock the property's full potential.
o Opportunity to subdivide and capitalise on future growth.
Property Overview:
• Total Land Area: 669sqm (approx.).
• Tenanted Building Footprint: 345sqm (approx.).
• Rear Vacant Land: 324sqm (approx.).
This versatile property provides a rare chance to secure an asset with immediate income and future development potential in a thriving location. Whether you're looking for stable rental returns, a development project, or a combination of both, this property delivers.
Don't miss out-secure your next investment today!
For further information or to arrange an inspection, please contact us.
Bradley Knight 0427 301 538
Property Info
Municipality
Lilydale
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