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28 Emu Pde 1,905 SF Retail Building Jacana, VIC 3047 $448,694 ($235.51/SF) 7% Cap Rate
Investment Highlights
- Located near Pascoe Vale Road and Metropolitan Ring Road allowing excellent regional connectivity.
- Fully self-contained three-bedroom residential unit included in the property.
- Ample on-site parking to accommodate visitors and staff.
- Securely leased to an established tenant delivering a current annual rent of $43,000.
- Dedicated rear access enhances operational convenience for deliveries and tenant needs.
- Commercial 1 Zoning provides flexibility for future development or varied commercial uses.
Executive Summary
28 Emu Parade presents a rare retail investment opportunity within the established Jacana commercial district. Benefiting from Commercial 1 Zoning, this property offers long-term flexibility for a variety of future uses or redevelopment potential subject to council approval. Situated near key arterial routes, including Pascoe Vale Road and the Metropolitan Ring Road, the location ensures convenient connectivity and ongoing tenant demand driven by its proximity to residential neighborhoods and local businesses.
Currently leased to an established tenant generating an annual passing income of $43,000, this asset delivers an attractive 7% return. The inclusion of a fully contained three-bedroom unit provides additional value and utility for future uses. Rear vehicle access and ample on-site parking support ease of operation and customer accessibility. Surrounded by a strong commercial and retail network, this property represents a sound income-producing investment with upside potential in a growing Melbourne corridor.
Currently leased to an established tenant generating an annual passing income of $43,000, this asset delivers an attractive 7% return. The inclusion of a fully contained three-bedroom unit provides additional value and utility for future uses. Rear vehicle access and ample on-site parking support ease of operation and customer accessibility. Surrounded by a strong commercial and retail network, this property represents a sound income-producing investment with upside potential in a growing Melbourne corridor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
1,905 SF
Building Class
C
Price
$448,694
Price Per SF
$235.51
Cap Rate
7%
NOI
$31,409
Tenancy
Single
Building Height
1 Story
Building FAR
0.73
Lot Size
0.06 AC
Parking
1 Spaces (0.38 Spaces per 1,000 SF Leased)
Frontage
18’ on Emu Parade
Amenities
- Signage
- Automatic Blinds
- Recessed Lighting
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