Land size: 196 m2
$1,050,000
Secure this rare, centrally located Doncaster property offering immediate returns and exceptional future possibilities. Positioned on a desirable corner allotment with dual street access from Ayr Street and rear lane.
Current Configuration:
• Ground floor: Licensed bottle shop operating under long-term lease
• Strong rental return: Approximately $41,600 p.a. plus GST 4% annual increases
• Tenant responsible for all outgoings
• Separate facilities and independent access
• 3-bedroom residence above
Location Advantages:
• Walking distance to Park and Ride facilities
• Minutes to Eastern Freeway access
• Close to local schools and amenities
• Just 15km from Melbourne CBD
• Corner position with rear lane access
• Off-street parking capacity for up to 4 vehicles
Future Potential (STCA): The existing 3-bedroom dwelling presents multiple value-add opportunities:
• Renovate and extend for enhanced rental yield
• Redevelop the entire site
• Convert to additional commercial space
• Owner-occupy while collecting retail income
Property Specifications:
• Land: 195.5m² approx.
• Total building: 278m² approx. (over 3 levels)
• Corner allotment with dual access
Whether you're seeking stable passive income, a value-add project, or long-term capital growth, this versatile property delivers options at every level.
STCA - Subject to Council Approval
Disclaimer:
Every precaution has been taken to establish the accuracy of the information provided. Some images may have been digitally enhanced or virtually staged for presentation purposes. This material does not constitute any representation by the vendor or real estate agent as to the property’s current condition or features. You should rely on your own inspection and enquiries to satisfy yourself of the condition and characteristics of the property.
Features
Land size: 196 m2
Building size: 278 m2
Floorplans and Virtual Tours
Every precaution has been taken to establish the accuracy of the information provided. Some images may have been digitally enhanced or virtually staged for presentation purposes. This material does not constitute any representation by the vendor or real estate agent as to the property’s current condition or features. You should rely on your own inspection and enquiries to satisfy yourself of the condition and characteristics of the property.