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8 Webb Rd 2,174 SF Retail Condo Unit Offered at $517,206 in Airport West, VIC 3042
Investment Highlights
- Mixed-use property featuring a residential unit and ground-level retail space.
- Excellent connectivity to Melbourne Airport and CBD via Tullamarine Freeway.
- Secure parking and storage included for both residential and commercial components.
- Located within walking distance of Westfield Airport West, dining, and entertainment.
- Retail component leased to Body Corporate, generating $45,000 p.a. plus GST and outgoings.
- Surrounded by established transport links, schools, and childcare facilities.
Executive Summary
8 Webb Road, Airport West VIC 3042 is situated within the Moonee Valley local government area. The property comprises a residential unit and a ground-level retail premises within a mixed-use development. The site is approximately 8 km from Melbourne Airport and 17 km from Melbourne CBD, with direct access via the Tullamarine Freeway. Public transport options, including bus and tram services, are located nearby. The surrounding area includes Westfield Airport West shopping center, local schools, and childcare facilities. The property is not affected by bushfire, flood, or heritage overlays.
Property Facts
| Total Building Size | 56,887 SF | Floors | 1 |
| Property Type | Retail (Condo) | Typical Floor Size | 2,174 SF |
| Property Subtype | Health Club | Lot Size | 0.37 AC |
| Building Class | B | Parking Ratio | 0.04/1,000 SF |
| Total Building Size | 56,887 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Health Club |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 2,174 SF |
| Lot Size | 0.37 AC |
| Parking Ratio | 0.04/1,000 SF |
Amenities
- Balcony
1 Unit Available
Unit 2
| Unit Size | 2,174 SF | Sale Type | Investment |
| Price | $517,206 | Cap Rate | 6.00% |
| Price Per SF | $237.91 | NOI | $31,032.34 |
| Condo Use | Retail | No. Parking Spaces | 2 |
| Unit Size | 2,174 SF |
| Price | $517,206 |
| Price Per SF | $237.91 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| NOI | $31,032.34 |
| No. Parking Spaces | 2 |
Description
A rare opportunity to acquire a ground-floor retail premises positioned within a well-established apartment complex. The property is securely leased at $45,000 per annum plus GST and outgoings (payable via the Owners Corporation).
Enjoy an ultra-convenient location, less than a five-minute walk to bus and tram services, Westfield Shopping Centre, cinemas, restaurants, and a nearby hotel. Direct access to the Tullamarine Freeway ensures seamless connectivity to Melbourne Airport (approx. 8 km) and the CBD (approx. 17 km).
Sale Notes
This property offers a unique opportunity within a vibrant mixed-use development in Airport West, combining residential and retail components in a highly connected location. The residential unit features two bedrooms, one bathroom, built-in robes, and secure parking, complemented by modern finishes such as air conditioning and floorboards. Positioned within a well-established community, the property benefits from proximity to essential amenities, including Westfield Airport West, local dining, and entertainment options.
The ground-level retail space, currently leased, provides an additional income stream and long-term investment security. Located just minutes from the Tullamarine Freeway, the property ensures seamless access to Melbourne Airport (approximately 8 km) and Melbourne CBD (approximately 17 km). Public transport options, including bus and tram stops, are within walking distance, enhancing connectivity for both residents and commercial tenants.
This dual-use asset is ideal for investors seeking a stable, income-generating property in a high-demand corridor or owner-occupiers looking for a live-work arrangement in a thriving metropolitan hub.
Gym interior
Gym interior
Bathroom space
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8 Webb Rd
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