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Overview
100% LEASED TASTY YARRAVILLE INVESTMENT - 2 SHOPS, 1 TITLE
This commercial property presents a unique investment opportunity in the vibrant suburb of Yarraville, located at 175 & 175B Somerville Road. The offering comprises two well-presented, fully self-contained retail shops on a single title, providing a combined land holding of approximately 329 square metres with rear access and an expansive street frontage of 14 metres.
The property is currently 100% leased to two highly regarded tenants, ensuring a stable income stream. The first shop, 175 Somerville Road, is leased to Augustus Gelatery, a popular brand operating 38 locations across Australia, with a lease term structured as 7 x 7 x 7 years and an annual rental income of $59,740. The second shop, 175B Somerville Road, is leased to Red Tomato Pizza & Pasta, with a lease term of 6 x 5 years and an annual rental income of $43,709. Together, these leases generate a combined return of $103,449 per annum plus GST as of 1 July 2026.
The leases include fixed annual increases, providing built-in rental growth, and tenants are responsible for all usual outgoings, enhancing the investment's net return. The building area totals approximately 200 square metres, offering ample space for the tenants' operations.
Strategically positioned, the property benefits from immediate connectivity to major arterial roads including Williamstown and Geelong Roads, as well as the Westgate Freeway and tunnel redevelopment, facilitating easy access for customers and suppliers. The location is surrounded by established and growing residential catchments and schools, situated only 6 kilometres west of Melbourne's Central Business District, making it a highly sought-after commercial precinct.
There is also future value-add potential with the opportunity to develop additional land at the rear of the property, which is not currently part of either tenant’s lease, subject to council approval (STCA). This presents an attractive prospect for investors seeking to enhance the asset's value over time.
Overall, this dual tenanted freehold retail investment offers strong fundamentals, secure income, and excellent growth prospects in a thriving Melbourne suburb.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Yarraville VIC 3013
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 200 m² |
Market Insights for Yarraville VIC 3013
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