254 & 254A Mt Alexander Road, Travancore VIC 3032

Enjoying integrated street frontage in a prominent Travancore location, this impressive retail and residential opportunity is one with amazing amount of upside.

Back two property unit estimated market rent-$31,000 per annum.

Laundromat estimated potential gross takings range from $36,000-$50,000 per annum (weather dependant).

Existing business and machines included.

Occupying a significant Mt Alexander Rd position, in a vibrant and connected retail/commercial strip where convenience meets accessibility, this truly is an incredible asset offering.

Beginning with a bold shopfront currently operating as a coin laundrette, the property is both beautifully presented and versatile.

Head through to conducive rear residential wing where two large bedrooms combine with a large light-filled living space with split-system heating/cooling and classy vintage style bathroom to provide conducive and comfortable accommodation.

The central kitchen has upright gas cooking, a dishwasher and adjoining meals area, while a surprisingly spacious courtyard style backyard has plenty of room to entertain and enjoy a barbecue.

The property may also offer development potential with a 12m building height allowance.

On the door step of Mt Alexander Rd trams, shops, cafes, restaurants and other retail services, close to Flemington Primary School and Mt Alexander College, with great connection to Flemington Bridge Train Station, Flemington Rd, Royal Parade, Citylink and the Melbourne CBD.