39/39A Fallon StreetBrunswick VIC 3056
Property Details for 39/39a Fallon St, Brunswick
Last Listing description (November 2023)
Gross Waddell ICR have great pleasure in presenting 39 & 39a Fallon Street, Brunswick for sale.
39 and 39a Fallon Street, Brunswick is an exceptional investment opportunity that boasts a well-presented single-level retail shop and a spacious three-bedroom residence, all bundled together on a single title. With a total building area of 224 sqm*, comprising a 116sqm* cafe and a 108 sqm* residence, this property offers versatility of occupying the residence in the future whilst having addition rental income from the cafe. The residence features three bedrooms, a separate bathroom and laundry, a tidy kitchen, a meals area, and the added convenience of air conditioning and heating throughout. Situated on a generous land area of 398 sqm*, this property is currently leased to two separate tenants, a bustling cafe and the residence. The total rental income of $78,882.56* per annum, the cafe contributing $44,994.56* and the residence adding $33,888* per year, makes this investment attractive to any property portfolio. The cafe leaseconsist of a five (5) year term, further options until 2036, and fixed 4% annual increase. The property has a prominent cornered location at the intersection of Fallon Street and Dawson Street ensures visibility and foot traffic, a winning combination for any savvy investor.
Located a short walk between Jewell & Brunswick Train Station and just up from the busy and popular Sydney Road retail strip sits 39 & 39a Fallon Street, nestled in amongst the highly sought after single fronted terrace houses. The location provides excellent access to Melbourne's best universities, Melbourne CBD, popular bars, eateries, restaurants, and boutique retailers.
Key Highlights
A well-presented single level retail shop and 3-bedroom residence both of which are on one title, the property also includes the following features:
Total Building Area: 224 m2 approx ( 116 m2 cafe & 108 m2 3 bed residence)
Residence comprises of three bedroom , separate bathroom and laundry, tidy kitchen and meals area, car space on title, air conditioning and heating throughout.
Land area: 398m2 approx
Two Separate tenants Cafe and Residence
Residential Lease: (12 months) commenced Jan 2023
Total rent: $78,882.56* p.a. (Caf $44,994.56* p.a.) (Residence $33,888* p.a.)
Caf: Term five (5) years commenced 15 Aug 2021
Options: Five (5) years + Five (5) years
Fixed 4% annual increase
Off street parking
Prominently corner located (Fallon Street & Dawson Street)
Close to popular cafs, bars, restaurants, and boutique retailers.
Between two train stations, Jewell Station & Brunswick Station
Neighbourhood Residential Zone schedule 1
*approx
Inspection by appointment only.
For further details or to organise an inspection, please contact Gross Waddell ICR's sales representitives directly.
Property History for 39/39a Fallon St, Brunswick, VIC 3056
- 14 Sep 2023Listed for Sale $1,375,000
Recent sales nearby
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0About Brunswick 3056
The size of Brunswick is approximately 5.0 square kilometres. It has 22 parks covering nearly 5.2% of total area. The population of Brunswick in 2016 was 24473 people. By 2021 the population was 24896 showing a population growth of 1.7% in the area during that time. The predominant age group in Brunswick is 30-39 years. Households in Brunswick are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Brunswick work in a professional occupation.In 2021, 49.90% of the homes in Brunswick were owner-occupied compared with 46.40% in 2016.
Brunswick has 18,123 properties. Over the last 5 years, Houses in Brunswick have seen a 13.63% increase in median value, while Units have seen a 3.29% increase. As at 31 March 2026:
- The median value for Houses in Brunswick is $1,422,297 while the median value for Units is $621,003.
- Houses have a median rent of $800 while Units have a median rent of $580.
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