7 Rowe Street, Alphington

Miles Real Estate is Pleased to Offer this Unique Property with a Rich History!

This two-level building, once a bank, has been transformed into a thriving restaurant bar and the freehold is now up for sale. The property offers an investor a set and forget investment with a new 5 year lease ensuring immediate income generation from the day of settlement.

Situated adjacent to Alphington Station and just north of Heidelberg Road, the property enjoys the benefits of such excellent neighbours as Dan Murphy's, Red Rooster and an assortment of other restaurants and recreational uses. Located in a flourishing high-end neighbourhood surrounded by parklands.

Over two levels, there's ample space for further creative development or to repurpose the building to a different use in the future.

Investor looking for a steady income stream from a unique property in a great location, 7 Rowe Street is an attractive purchase.

- Land area: 441 sqm (approx.)
- Zoning: General Residential
- Lease 5 + 5 + 5 years
- Returning $79,000 per annum net (as of March 2024)

Terms: 10% Deposit Balance 60/90 Days

For further details or to inspect contact:
Tim Mitchell 0417 339 986
Paul Evans 0408 144 181
Mark Dixon 0423 395 699