610 Mountain Highway

Bayswater VIC 3153

Block of units

Currently for sale - view listing

Overview

Premium Mixed-Use Investment Property | Retail + 3 Apartments | $98,844 Annual Income

QUICK STATS: 💰 $99,780 Net Annual Income ✓ 100% Fully Occupied 🏪 4 Income Streams (1 retail + 3 residential) 📍 Commercial 1 Zoning (C1Z) WHY THIS PROPERTY STANDS OUT ✓ MULTIPLE INCOME STREAMS | 100% OCCUPANCY Rare mixed-use investment with four distinct revenue channels. The street-front coin laundry generates strong passive income while three residential tenancies provide housing security. Zero vacancy risk, established tenants, immediate cash flow. ✓ STRONG $98,844 ANNUAL NET INCOME Coin Laundry: $32,136 PA + GST (with 3% annual reviews) Unit 2 (2-Bed): $24,180 PA Unit 1 (2-Bed): $24,696 PA Unit 3 (1-Bed): $18,768 PA ✓ TIGHTLY HELD EASTERN SUBURBS INVESTMENT Located in Melbourne's premium eastern suburbs within City of Knox. These mixed-use investment properties are rarely available in this sought-after precinct. ✓ PREMIUM BAYSWATER LOCATION Mountain Highway positioning delivers exceptional visibility and foot traffic. Long-standing neighboring businesses indicate stable, established retail environment. PROPERTY OVERVIEW * Building Details: * Original construction: ~1980s (retail strip foundation) * Residential development: 2013 with modern finishes * Building footprint: 186 sqm * Condition: Well-maintained, ready for investment Composition: * Ground Level: 24 sqm coin laundry (street-front) + 1-bedroom apartment + garage * Level 2: Two 2-bedroom apartments with balconies * Secure under-level carpark & storage cage * No Owners Corporation fees Apartment Features: * Timber floorboards throughout * Split-system air conditioning & heating * Modern kitchens & quality bathrooms * Balconies on upper units * Excellent natural light & ventilation INCOME BREAKDOWN Tenant Type Annual Income Notes Bayswater Coin Laundry Retail $32,136 + GST 3% annual review Unit 1 2-Bed Apt $24,696 Water & elec included Unit 2 2-Bed Apt $24,180 Water & elec included Unit 3 1-Bed Apt $18,768 Water & elec included TOTAL Mixed-Use $99,780 PA 100% occupancy LOCATION ADVANTAGES Outstanding Transport Connectivity: ✓ Bayswater Train Station (walking distance - Belgrave Line to CBD) ✓ Frequent bus services along Mountain Highway ✓ Major arterials: Mountain Hwy, Stud Rd, Scoresby Rd, Canterbury Rd ✓ Eastlink access within minutes World-Class Shopping & Entertainment: ✓ Bayswater Mountain High Shopping Centre (newly refurbished) ✓ Westfield Knox & Eastland (5-10km away) ✓ Bayswater Activity Centre (cafes, restaurants, fitness) Family-Friendly Amenities: ✓ Quality schools within walking distance ✓ Parks, bike tracks & playgrounds ✓ Knox Leisure Works (swimming pool) ✓ Knox Basketball Stadium & Netball Centre ✓ Dandenong Ranges National Park access ✓ Swinburne University (Wantirna Campus) ✓ Angliss Hospital WHY INVESTORS CHOOSE THIS PROPERTY 1.Diversified Income – Multiple tenant base reduces risk concentration 2.Immediate Cash Flow – 100% occupancy from settlement 3.Premium Location – Established eastern suburbs with proven demand 4.Low Management Risk – Commercial & residential mix provides stability 5.Capital Growth Potential – Growth corridor with strong infrastructure 6.Transport Hub – Walking distance to train & major roads 7.Scarcity Value – Rarely available in this market 8.Tax Efficiency – Depreciation & expense deductions 9.Stable Environment – Long-standing neighboring businesses SALE TERMS: Private Sale | 10% Deposit | Balance 30/60/90 Days ZONING: Commercial 1 Zone (C1Z) - City of Knox Planning Scheme This is a rare opportunity to acquire a fully-occupied, income-producing mixed-use property in one of Melbourne's most sought-after investment precincts.