29 Military Road, Avondale Heights VIC 3034

Positioned to perfection in a vibrant well-patronized shopping village, this unique property (shopfront and two units at the rear) is a must-see for astute commercial investors with its rewarding rental yield (up to $36K per annum), strong capital growth prospects and future value-adding potential.

Home to a popular pizzeria, the shopfront is securely leased for the next two years at $13,040 per annum plus outgoings, along with 2 x 3-year options.

To the rear are two well-presented villas - each comprising one bedroom, bathroom, lounge/meals area and neat kitchen. Currently vacant, they have each been appraised to yield approximately $13K and $10K per annum respectively.

The block itself is commercially zoned (B1Z) and is approximately 324 square metres in size - complete with rear ROW.

The added drawcard of a Coles supermarket up the street, it's also walking distance to Canning Reserve and Maribyrnong River trails, Military Road buses and Cordite Avenue trams, as well as easy access to Highpoint Shopping Centre.