Unlock the potential of this high-exposure property, perfectly positioned in a thriving retail precinct. Spanning approximately 190m (zoned C1Z), this versatile asset features a well-designed commercial space with a dedicated workroom and storage, seamlessly connected to a residence offering a kitchen, bedroom, and bathroomperfect for updates to maximize value.
Currently leased with a strong rental return of approximately $45,000 including GST, and all outgoings conveniently covered by the tenant, this is a secure investment opportunity you can't overlook."
Located on the bustling Pascoe Vale Road, the property enjoys excellent foot traffic and visibility, flanked by high-profile neighbours including Coles, Direct Chemist Warehouse, Commonwealth Bank, and Cash Converters. The newly upgraded Glenroy Railway Station to the east ensures easy accessibility for both tenants and customers.
Capitalize on this unique shop-and-home package & take your investment portfolio to new heights!
Contact the agent now to secure this outstanding opportunity.
The size of Glenroy is approximately 8.9 square kilometres. There are 25 parks, covering nearly 26.0% of the total area. The population of Glenroy in 2016 was 22245 people. By 2021 the population was 23792 showing a population growth of 7.0% in the area during that time. The predominant age group in Glenroy is 30-39 years. Households in Glenroy are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Glenroy work in a professional occupation.In 2021, 59.50% of the homes in Glenroy were owner-occupied compared with 60.20% in 2016.
Glenroy has 12,648 properties. Over the last 5 years, Houses in Glenroy have seen a -1.08% decrease in median value, while Units have seen a 4.95% increase. As at 31 July 2026:
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