![]() Asset Class: | Retail |
![]() Price: | $ 1240000 |
![]() Net Yield: | 6.00 % |
![]() Net Yield - including solar strategy: | % |
![]() Property Market Status: | Off Market |
<span style="color:rgb(0, 0, 0);">Situated at 314 Blackshaws Road, Altona North, this property represents a prime investment opportunity in one of Melbourne's rapidly evolving suburbs. The property is a well-presented freehold asset featuring a secure lease to the established Thai Forest Café and Restaurant, a proven operator with a strong local presence and glowing customer reviews.</span><br><br><span style="color:rgb(0, 0, 0);">Currently returning $81,120 per annum plus GST, the lease includes fixed 4% annual rental increases and a secure 5 x 5 x 5-year term, offering long-term stability and predictable income growth. The tenant covers all usual outgoings, with a security deposit equivalent to three months’ rent further enhancing the property’s appeal.</span><br><br><span style="color:rgb(0, 0, 0);">This 144 sqm retail space boasts a 10-meter street frontage, ensuring excellent visibility in a high-traffic area. Ample on-site parking with 13 spaces and proximity to public transport, including bus stops, provide added convenience for customers.</span><br><br><span style="color:rgb(0, 0, 0);">Altona North is a strategic location for investment, just 10 kilometers southwest of Melbourne's CBD. The suburb is undergoing significant urban renewal, supported by infrastructure projects such as the West Gate Tunnel. Its affordability compared to nearby suburbs like Newport and Yarraville makes it attractive for residential and commercial growth, while the increasing residential catchment ensures strong customer demand for businesses like the Thai Forest Café.</span><br><br><span style="color:rgb(0, 0, 0);">With its secure lease terms, established tenant, and promising location, this property offers investors a robust opportunity for stable returns and capital growth.</span>
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<p style=""><span style="color:rgb(0, 0, 0);"><b>Altona North</b></span></p><br><p style=""><span style="color:rgb(0, 0, 0);">Altona North, located approximately 10 kilometers southwest of Melbourne's CBD, is a thriving suburb within the City of Hobsons Bay. Known for its strong industrial roots and evolving residential appeal, Altona North is increasingly seen as a prime location for investors and families alike. The suburb has a population of around 12,000 residents, with a median age of 38 years, which is consistent with Melbourne's overall demographic profile. </span></p><br><p style=""><span style="color:rgb(0, 0, 0);">Altona North enjoys excellent accessibility due to its strategic location near major transport routes. It is bordered by the West Gate Freeway, Princes Freeway, and Millers Road, offering seamless access to Melbourne’s CBD, industrial hubs, and neighboring suburbs. Public transport is well-supported, with multiple bus routes servicing the area, and train stations such as Newport and Altona located nearby. This strong connectivity appeals to commuters and businesses alike, making it a desirable location for both residential and commercial investments.</span></p><br><p style=""><span style="color:rgb(0, 0, 0);">One of Altona North's standout features is its access to retail and lifestyle amenities. Less than 1km away, The Altona Gate Shopping Centre, a key retail hub, features over 80 stores, including supermarkets, major retailers, specialty shops, and dining options. 1km away from smaller shopping strips along Millers Road and Borrack Square provide additional convenience for residents. The suburb is also within easy reach of larger retail precincts such as Highpoint Shopping Centre and the rejuvenated Williamstown town center.</span></p><br><p style=""><span style="color:rgb(0, 0, 0);">Education is well-catered to, with local schools including Altona North Primary School, Bayside P–12 College, and Emmanuel College providing quality education options. Additionally, Victoria University’s Newport campus is a short drive away, offering tertiary education opportunities. For healthcare, residents benefit from nearby services such as Altona North Medical Group, Williamstown Hospital, and Footscray Hospital, ensuring comprehensive care.</span></p><br><p style=""><span style="color:rgb(0, 0, 0);">Altona North is gaining traction due to its affordable property prices compared to neighboring suburbs such as Yarraville and Newport. The median house price in Altona North is approximately $880,000, significantly more affordable than Yarraville’s median of $1.24 million. Units in Altona North have a median price of around $600,000, making it attractive to investors seeking rental yield and capital growth.</span></p><p style=""><span style="color:rgb(0, 0, 0);">The suburb also benefits from its industrial and logistics presence, with proximity to Melbourne’s port and key freight routes. Significant infrastructure projects, such as the West Gate Tunnel, are expected to further enhance connectivity and drive economic growth in the region. Urban renewal initiatives by Hobsons Bay City Council focus on improving public spaces, transport, and housing diversity, positioning Altona North as a suburb with high growth potential.</span></p><br><p style=""><span style="color:rgb(0, 0, 0);">Altona North’s combination of affordability, strategic location, and ongoing development makes it a compelling choice for property investors. With strong rental demand, promising infrastructure upgrades, and growing appeal as a residential and commercial hub, this suburb offers long-term opportunities for capital growth and stable returns.</span></p><p style=""><span style="color:rgb(0, 0, 0);"><b> </b></span></p><p style=""><span style="color:rgb(0, 0, 0);"><b> </b></span></p>
Additional Location Information File<p style="margin-inline-start:0cm;"><span style="color:rgb(0, 0, 0);"><b>Thai Forest Café and Restaurant</b></span></p><p style=""><span style="color:rgb(0, 0, 0);">Thai Forest Café and Restaurant is a well-established dining destination known for its authentic Thai cuisine and welcoming ambiance. Offering a menu filled with traditional dishes with a variety of vegetarian and vegan options, the restaurant caters to a wide and diverse customer base. Over the years, Thai Forest has become a staple in the local community with a 4.4 google rating and over 200 reviews and 4.6/5 Uber rating with over 200 reviews. Situated in a prime location with high visibility and strong foot traffic, the restaurant benefits from its proximity to shopping centres, residential areas, and transport hubs, making it a convenient choice for dine-in, takeaway, and delivery services.</span></p>
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314C Blackshaws Road, Altona North $ 81,120 144sqm $ 563.33psqm Shop 1, 88 Hudson Road, Spotswood $ 55,620 91sqm $ 611psqm Shop 5, 88 Hudson Road, Spotswood $ 42,344 66sqm $ 642psqm 102 Ferguson Street, Williamstown $ 75,500 134sqm $ 563psqm Shops 2 & 3, 455 Melbourne Road, Newport $ 130,095 220sqm $ 591psqm
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<br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgba(0, 0, 0, 1);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Secure 5 x 5 x 5 year lease to proven operator trading as Thai Forest Café and restaurant </span></p></li><li style="list-style-image:none;color:rgba(0, 0, 0, 1);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">4.4 Google Rating 200+ reviews & 4.6 Uber Rating 2000+ reviews</span></p></li><li style="list-style-image:none;color:rgba(0, 0, 0, 1);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Returning $81,120 per annum plus GST </span></p></li><li style="list-style-image:none;color:rgba(0, 0, 0, 1);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Fixed 4% annual rental increases </span></p></li><li style="list-style-image:none;color:rgba(0, 0, 0, 1);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Tenant pays all usual outgoings </span></p></li><li style="list-style-image:none;color:rgba(0, 0, 0, 1);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">3 Months’ rent security deposit </span></p></li><li style="list-style-image:none;color:rgba(0, 0, 0, 1);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">10km from Melbourne CBD</span></p></li><li style="list-style-image:none;color:rgba(0, 0, 0, 1);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">4km from Altona Beach</span></p></li><li style="list-style-image:none;color:rgba(0, 0, 0, 1);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Well-presented building of 144sqm with 10m street frontage </span></p></li><li style="list-style-image:none;color:rgba(0, 0, 0, 1);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Ample onsite parking 13 parking spaces</span></p></li><li style="list-style-image:none;color:rgba(0, 0, 0, 1);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Public transport directly in front</span></p></li><li style="list-style-image:none;color:rgba(0, 0, 0, 1);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Surrounded by a rapidly growing residential catchment </span></p></li></ul>