Sold14 Yertchuk Avenue, Ashwood
Excellent Shop/Office+Residential Investment Potential
Standing on a deep allotment this property presents an excellent opportunity to acquire a shop front & residence investment, located in the Yertchuk Avenue retail and commercial business strip. The spacious shop and rear split-level residence offers the purchaser a range of future options; either using it as a small business office, studio or consulting rooms (STCA). With the added benefit of living in the residence or leasing it to provide additional income. The current rental estimates are commercial $450pwk and residential $500pwk (combined $1,000pwk - total annual $52,000) - with this flexibility it is undoubtedly a desirable dual earning investment.
The retail area is currently used by the owner as an office and multi-purpose room with a kitchenette and separate accessible toilet. The lower-level of the residence has a generous living and dining room with well-equipped kitchen including a Blanco gourmet stainless steel stove and Glem stainless steel dishwasher opening to a rear courtyard garden providing a sunny spot for outdoor relaxation. The upper-level features three bedrooms, or two plus a study. The front main has a WIR and ensuite. The large rear bedroom and third bedroom/study is serviced by a central well appointed bathroom. Other features of this excellent investment opportunity include, R/C air conditioners in the shop/office area and living room, ceiling fans upstairs, network wired, 3kw solar inverter, and off-street parking for two from a Council maintained rear lane.
Yertchuk Avenue is located in a quiet area that has seen considerable renewal with new homes in recent times. Close to the Gardiners Creek Reserve and trails to other parklands and sporting facilities. Plus it is only minutes from brilliant shopping and dining options, such as those provided by Chadstone, Ashburton or Box Hill Central. Whilst numerous educational institutions including the recently upgraded Ashwood College, Kingswood College, PLC, Box Hill TAFE and Deakin University are all easily accessible by public transport, as is the CBD via the Monash Freeway.
