Rani Realty proudly presents an exceptional commercial opportunity in the heart of Essendon - 5 Woodland Street, perfectly positioned adjacent to the train station and within a high-exposure, high-foot-traffic precinct.This prime property offers a rare combination of immediate income and outstanding future development potential (STCA). Currently operating as a highly successful and well-established fish and chip shop, the business generates strong and consistent returns, making it an attractive investment for both owner-operators and investors alike.Set on a strategic parcel of land, the property provides exciting scope for further development, including the potential to build upwards and extend at the rear (Subject to Council Approval). With ongoing growth and demand in the Essendon area, this site presents a compelling opportunity to capitalise on future high-rise or mixed-use development potential.Key Features: Prime location next to Essendon train station with excellent visibility and accessibility Thriving, high-performing fish and chip shop with strong revenue Significant development potential (STCA) including vertical and rear expansion Positioned in a rapidly growing and high-demand commercial precinct Ideal for investors, developers, and business operatorsThis is a rare chance to secure a premium commercial asset with both immediate income and long-term upside in one of Essendon's most sought-after locations.For further information or to arrange an inspection, contact Rani Realty today.
The size of Essendon is approximately 6.2 square kilometres. There are 20 parks, covering nearly 8.4% of the total area. The population of Essendon in 2016 was 20596 people. By 2021 the population was 21240 showing a population growth of 3.1% in the area during that time. The predominant age group in Essendon is 20-29 years. Households in Essendon are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Essendon work in a professional occupation.In 2021, 62.10% of the homes in Essendon were owner-occupied compared with 60.20% in 2016.
Essendon has 13,043 properties. Over the last 5 years, Houses in Essendon have seen a 3.53% increase in median value, while Units have seen a -7.34% decrease. As at 31 July 2026:
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