39–41 Rose Street, Essendon offers a secure investment in the heart of a tightly held retail precinct, underpinned by a strong income stream and long term lease profile.
Returning $129,875.88 per annum plus GST and outgoings, the property is leased to Woods & Associates Optometrists, a well established local practice backed by a national optical network. The tenancy operates within the healthcare sector, providing a proven and resilient service offering.
The lease is secured until 30 September 2027, with further options of 4 years and 5 years, giving investors the ability to lock in occupancy through to 2036. Annual CPI increases provide consistent rental growth.
Set on approximately 294m² with a wide double frontage, the property sits within a Commercial 1 Zone, allowing flexibility for future retail, residential or mixed use development, subject to council approval.
Directly opposite Essendon Train Station and surrounded by tram and bus connections, the property benefits from strong exposure, high foot traffic and a proven near zero vacancy location.
A well balanced investment combining secure income, long term tenant retention and future upside in one of Essendon's most established retail strips.
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