175-175B Somerville Rd 2,153 SF 100% Leased Retail Building Yarraville, VIC 3013 For Sale

This high-profile Yarraville investment presents an opportunity to acquire a fully leased freehold positioned on a generous corner site with excellent exposure. Comprising two self-contained retail shops offered under one title, the property generates a combined rental income of approximately $103,449 per annum plus GST, with tenants responsible for all usual outgoings. Both leases provide fixed annual increases, ensuring consistent income growth.
Anchored by Augustus Gelatery, operating from 38 locations nationally, and Red Tomato Pizza & Pasta, the asset is supported by highly popular and resilient operators. Occupying a 329 m² site with 14-metre frontage and rear access, the property also offers long-term upside through development potential, subject to council approval, utilizing additional land at the rear not included in the tenants’ leases.
Strategically located just 6km west of Melbourne’s CBD, the property benefits from strong surrounding fundamentals, including established and emerging residential catchments, schools, and immediate connectivity to major arterials such as Williamstown and Geelong Roads, as well as the West Gate Freeway and tunnel upgrade. This combination of secure income, strong tenancy profile, and value-add potential makes this a compelling investment proposition within a rapidly growing inner-west precinct.