54 & 56 Mclennan Street, Mooroopna, VIC 3629 | Commercial for sale | OnTheHouse
 
FOR SALE
$650,000 - $675,000

54 & 56 Mclennan Street
Mooroopna VIC 3629

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 400m2
Land area: 1196m2
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The Brief: Two Shopfronts Plus Upstairs Apartment Income Potential

Its Addressed:
Positioned along Mooroopna's main commercial strip, 54 and 56 McLennan Street are offered together as an income-led mixed-use investment opportunity with two adjoining shopfronts and a two-bedroom apartment above.
The two ground-floor shopfronts provide separate rental streams, direct McLennan Street frontage and flexible retail layouts. Based on existing public leasing information, 54 McLennan Street has indicated rental potential of approximately $1,300 per month plus outgoings, while 56 McLennan Street has indicated rental potential of approximately $1,800 per month plus outgoings. Together, the shopfronts indicate potential gross rent of approximately $37,200 per annum before GST, vacancy and ownership costs.
Above the shops is a two-bedroom apartment with a kitchen, bathroom and living area. The apartment has indicative rental potential of approximately $350-$400 per week, or $18,200-$20,800 per annum, subject to a current rental appraisal, tenancy availability, planning, access and compliance verification.
If fully let at the indicated amounts, the three income streams could provide total potential gross income of approximately $55,400-$58,000 per annum before GST, vacancy, outgoings, management, repairs, statutory charges and other costs. Buyers must make their own enquiries and independently verify all rental, tenancy, planning and compliance matters.
Existing public leasing information describes 54 as including an approximately 12.3 m x 4.5 m open-plan shop area, separate office and kitchenette. Number 56 is described as including an approximately 22.9 m x 4.5 m open-plan shop area, kitchen and meals space, storage, toilet, laundry and onsite parking.
Existing public listing data indicates land areas of approximately 589 m² and 607 m² respectively, together with two onsite spaces for each address. The combined holding may appeal to investors seeking diversified income, owner-occupiers wanting to use one shopfront and lease the balance, or buyers looking for a main-street commercial asset with residential upside.
For sale by private treaty with a guide of $650,000-$675,000.
Key points
- Two adjoining Mooroopna shopfronts offered together
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Property Details for 54 & 56 Mclennan St, Mooroopna

Building Type
Commercial
Floor Size
400m2
Land Size
1196m2
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About Mooroopna 3629

The size of Mooroopna is approximately 37.7 square kilometres. There are 24 parks, covering nearly 18.9% of the total area. The population of Mooroopna in 2016 was 7942 people. By 2021 the population was 8312 showing a population growth of 4.7% in the area during that time. The predominant age group in Mooroopna is 20-29 years. Households in Mooroopna are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mooroopna work in a labourer occupation.In 2021, 65.00% of the homes in Mooroopna were owner-occupied compared with 63.30% in 2016.

Mooroopna has 4,419 properties. Over the last 5 years, Houses in Mooroopna have seen a 63.60% increase in median value, while Units have seen a 56.67% increase. As at 31 July 2026:

  • The median value for Houses in Mooroopna is $501,898 while the median value for Units is $354,311.
  • Houses have a median rent of $500 while Units have a median rent of $360.
There are currently 14 properties listed for sale, and 12 properties listed for rent in Mooroopna on OnTheHouse. According to Cotality's data, 276 properties were sold in the past 12 months in Mooroopna.

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