1120-1122 Mt Alexander Road, Essendon, Vic 3040

Fitzroys is delighted to offer one of Essendon’s most high profile and impeccably presented freeholds, leased to global fast-food giant Zambrero and Estaflora florist and café.

1120 & 1122 Mt Alexander Road presents an exceptional land rich inner city investment opportunity offered for sale via Expressions of Interest.

Key attributes include:

- Two separate immaculately renovated shops with brand-new fit outs completed in 2023 – offered together 
- Leased to fast-food giant Zambrero with 300 locations globally and Estaflora florist and café 
- High profile prime position situated in the heart of the tightly held North Essendon Retail Village
- Strategic and centrally located landholding of 619sqm* (one of the largest blocks in this location) 
- Two street frontages of over 12 metres* each to Mt Alexander Road and Winifred Street 
- Total return of $142,000* per annum plus outgoings and GST
- On site secure parking for 8 cars 
- Neighbouring Coles, Punt Hill Apartments, Subway, Dominos, Flight Centre, Bakers Delight, Fergusson Plarre and many more 
- Only 8kms* north of Melbourne’s CBD with excellent connectivity to surrounding suburbs via Tullamarine Freeway and City Link  
- Convenient public transport linkages with tram 59 at the doorstep and abundant public parking 
- Valuable tax depreciation benefits 
- Within the recently announced North Essendon Activity Centre Plan encouraging development heights of 5 - 10 storeys (STPA)
- Outstanding scope for a range of future development outcomes (stpa)

Lease details: 

1120 Mt Alexander – Zambrero 
Term: 7 + 5 years 

1122 Mt Alexander – Estaflora florist & café 
Term: 2 + 2 +2 years 

For further details or an inspection, please contact Fitzroys selling agents, Ervin Niyaz or Chris Kombi.

*Approx.