157 Nicholson Street, Footscray, Vic 3011

Positioned in a prominent Nicholson Street location, this versatile freehold presents an excellent opportunity to secure a dual-income investment combining an established commercial business with separate residential accommodation.

The ground floor is home to an established bakery business that has been operating from the property for more than 20 years, highlighting the enduring appeal of this well-positioned Footscray location. The bakery currently provides rental income of approximately $36,000 p.a. incl. GST, plus outgoings.

Above, a separately accessed two-bedroom apartment with a private balcony provides an additional rental income of approximately $23,000 p.a.

Together, the two tenancies currently generate approximately $59,000 p.a., providing investors with the benefit of two distinct income streams from one freehold asset.

Investment Highlights:
-Established bakery business with 20+ years of trading history at the property
-Ground-floor rental approx. $36,000 p.a. incl. GST + outgoings
-Separately accessed first-floor 2-bedroom apartment
-Upstairs rental approx. $23,000 p.a.
-Combined current rental income approx. $59,000 p.a.
-Separate commercial and residential income streams
-Private balcony to upstairs residence
-Prominent Nicholson Street position
-Close to Footscray Station and major public transport

Walking distance to Footscray's retail, dining and market precincts
Located in the heart of Footscray, the property benefits from excellent connectivity and close proximity to a broad range of retail, dining, education and community amenities. The broader Footscray precinct continues to benefit from significant investment and revitalisation.

A rare opportunity to acquire a versatile freehold asset combining an established 20+ year bakery business, additional residential income and a highly connected Footscray location.

Contact the exclusive selling agent today to enquire further and discover more about this outstanding Footscray investment opportunity.

Disclaimer: All information and illustrations are provided for marketing purposes only and do not constitute any representation by the agent or vendor. While every effort has been made to ensure accuracy, no warranty is given. Interested parties should make their own enquiries and rely on their own due diligence.