227-229 Mt Alexander RoadAscot Vale VIC 3032
Property Details for 227-229 Mt Alexander Rd, Ascot Vale
Last Listing description (June 2023)
****SOLD****
Prominently located on the corner of Mt Alexander Road and Ailsa Street providing 54m* street frontage and great signage rights. This well packaged investment has a long ten (10) year lease delivering a yearly rental of $175,000 Net +GST with a strong 4% annual increase.
The proximity to Melbourne's CBD (4kms*), the access to the M2 City Link on ramp (850m*) and public transport makes this a highly desirable location.
Key Property Highlights:
Ten (10) year term (commenced 1st September 2022)
Current Rent: $175,000 Net +GST
Further options: five (5) years + five (5) years
Fixed 4% annual increase
Single level corner building with a combine street frontage of 54*m (Mt Alexander Rd & Ailsa St)
Total building area 800 sqm*
Total land holding of 800 sqm*
Commercial 1 Zone (C1Z)
We welcome your interest and the opportunity to book a private inspection, kindly contact one of the exclusive sales agents from Gross Waddell ICR.
Property History for 227-229 Mt Alexander Rd, Ascot Vale, VIC 3032
- 24 May 2023Sold for $4,000,000
- 29 Mar 2023Listed for Sale Contract Agent
- 28 Aug 2018Sold for $3,000,000
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0About Ascot Vale 3032
The size of Ascot Vale is approximately 3.8 square kilometres. It has 16 parks covering nearly 20.3% of total area. The population of Ascot Vale in 2016 was 14750 people. By 2021 the population was 15197 showing a population growth of 3.0% in the area during that time. The predominant age group in Ascot Vale is 30-39 years. Households in Ascot Vale are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Ascot Vale work in a professional occupation.In 2021, 59.80% of the homes in Ascot Vale were owner-occupied compared with 55.50% in 2016.
Ascot Vale has 8,442 properties. Over the last 5 years, Houses in Ascot Vale have seen a 10.85% increase in median value, while Units have seen a 7.16% increase. As at 31 January 2026:
- The median value for Houses in Ascot Vale is $1,438,537 while the median value for Units is $646,752.
- Houses have a median rent of $695 while Units have a median rent of $520.
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