Impressive Land Rich Investment

Fitzroys is delighted to offer one of Essendon’s most high profile and impeccably presented freeholds, leased to global fast-food giant Zambrero and Estaflora florist and café.

1120 & 1122 Mt Alexander Road presents an exceptional land rich inner city investment opportunity offered for sale via Expressions of Interest closing Wednesday 30th October at 3PM.

Key attributes include:

•  Two separate immaculately renovated shops with brand-new fit outs completed in 2023 – offered together
•  Leased to fast-food giant Zambrero with 300 locations globally and Estaflora florist and café
•  High profile prime position situated in the heart of the tightly held North Essendon Retail Village
•  Strategic and centrally located landholding of 619sqm* (one of the largest blocks in this location)
•  Two street frontages of over 12 metres* each to Mt Alexander Road and Winifred Street
•  Total return of $157,000* per annum plus GST
•  Tenants pay all usual outgoings
•  On site secure parking for 8 cars
•  Neighbouring Coles, Punt Hill Apartments, Subway, Dominos, Flight Centre, Bakers Delight, Fergusson Plarre and many more
•  Only 8kms* north of Melbourne’s CBD with excellent connectivity to surrounding suburbs via Tullamarine Freeway and City Link
•  Convenient public transport linkages with tram 59 at the doorstep and abundant public parking
•  Valuable tax depreciation benefits
•  Outstanding scope for a range of future development outcomes (stpa)

Lease details:

1120 Mt Alexander – Zambrero
Term: 7 + 5 years

1122 Mt Alexander – Estaflora florist & café
Term: 3 + 3 + 3 years

For further details or an inspection, please contact Fitzroys selling agents, Ervin Niyaz or Chris Kombi.

*Approx.