FOR SALE
$920,000 - $1,010,000

8 Yertchuk Avenue
Ashwood VIC 3147

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 156m2
Land area: 190m2
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VERSATILE COMMERCIAL AND RESIDENTIAL OPPORTUNITY IN PRIME ASHWOOD LOCATION

* OPEN FOR INSPECTION THIS SATURDAY THE 21ST OF DECEMBER FROM 3:20PM - 3:40PM
Ray White is delighted to offer an outstanding opportunity to acquire a versatile and well-located commercial property in the heart of Ashwood. This unique property combines the benefits of a thriving ground-floor business with a fully renovated residential apartment above, creating a prime investment opportunity with dual income potential.
For savvy investors out there the ground floor hair salon is tenanted for $1,804 PCM
Ground Floor - Established Hair Salon
The ground floor features a fully leased, established hair salon, providing an immediate and reliable rental income stream. The salon is well-equipped with all the necessary facilities, including a dedicated storage room, and offers a comfortable and inviting space for clients. The salon's established presence in this high-demand area ensures ongoing success and makes it a solid investment for any discerning buyer. With a long-term lease already in place, this space offers both security and convenience, perfect for those seeking a low-maintenance commercial property.
First Floor - Renovated Residential Apartment
Upstairs, the property features a spacious, fully renovated residential apartment that epitomizes modern luxury and comfort. Recently updated to the highest standards, this apartment boasts two generously sized bedrooms, a stylish bathroom with premium fixtures and finishes, and a contemporary kitchen equipped with high-quality appliances, sleek cabinetry, and plenty of storage. The expansive open-plan living and dining area provides the perfect space for both relaxation and entertaining, creating a seamless flow throughout the apartment.
This property offers an incredible opportunity for investors looking to diversify their portfolio with a commercial and residential mixed-use property. With the ground floor hair salon generating consistent rental income and the top-floor apartment offering the potential for additional returns or owner-occupier convenience, this is a rare find in today's market.
Features include: Dual-income potential with a leased commercial space and a residential apartment , fully renovated modern finishes throughout the residential apartment, separate access for both commercial and residential space, prime location with high foot traffic and excellent visibility, ample parking and close proximity to public transport.
Located in the heart of Ashwood, offering the perfect balance of convenience and lifestyle. The property is just a short walk from a range of local amenities, including shops, cafes, and restaurants, ensuring you have everything you need within easy reach. Families will appreciate the proximity to nearby schools and parks, while excellent public transport options, including buses and train stations, provide quick access to surrounding areas and the Melbourne CBD. This highly sought-after location offers both residential and commercial appeal, making it an ideal choice for those seeking a vibrant and well-connected community.
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Property Details for 8 Yertchuk Ave, Ashwood

Building Type
Commercial
Floor Size
156m2
Land Size
190m2

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About Ashwood 3147

The size of Ashwood is approximately 2.6 square kilometres. It has 11 parks covering nearly 12.8% of total area. The population of Ashwood in 2011 was 6,061 people. By 2016 the population was 6,879 showing a population growth of 13.5% in the area during that time. The predominant age group in Ashwood is 30-39 years. Households in Ashwood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ashwood work in a professional occupation. In 2011, 65.9% of the homes in Ashwood were owner-occupied compared with 59.4% in 2016.

Ashwood has 3,704 properties. Over the last 5 years, Houses in Ashwood have seen a 13.72% increase in median value, while Units have seen a 19.25% increase. As at 30 November 2024:

  • The median value for Houses in Ashwood is $1,422,553 while the median value for Units is $999,919.
  • Houses have a median rent of $670 while Units have a median rent of $625.
There are currently 4 properties listed for sale, and 11 properties listed for rent in Ashwood on OnTheHouse. According to CoreLogic's data, 139 properties were sold in the past 12 months in Ashwood.

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Mo Zeitouneh
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Amin Ahmad
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Ray White Dandenong
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