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.
