Triple-Income Trophy in the Heart of McKinnon

A rare and highly flexible investment opportunity, 250 Jasper Road, McKinnon, presents the chance to secure three fully independent income streams on one title within one of Melbourne’s most tightly held commercial-residential pockets. Set on approximately 170sqm of land with a combined building area of 345sqm, the property offers diversified holding income of approximately $78,160 per annum and an indicative gross yield of 5.21% at the guide price.

Income Streams:
– Ground-floor commercial shopfront – Securely leased to an established health and wellness operator, returning $35,000 per annum (GST inclusive), 3-year term commenced September 2024 with 2 x 3-year options and 3% fixed annual increases.
– Second-level two-bedroom residence – Market rent estimate of $500 per week, equating to $26,000 per annum.
– Fully renovated rear studio (short-stay) – Currently operating at approximately $330 per 7 days, generating around $17,160 per annum.

Each component is fully self-contained, creating genuine flexibility for investors seeking diversified income, partial owner-occupation, or future repositioning potential.

Positioned along the tightly held Jasper Road retail strip, the asset enjoys direct exposure to one of McKinnon’s most active local shopping pockets, surrounded by convenience retail, cafes, services, and established residential density. Approximately 500 metres to McKinnon Station, the location provides seamless CBD connectivity while benefiting from consistent pedestrian and commuter flow.

Equally compelling is its proximity to some of Melbourne’s strongest-performing school zones, including McKinnon Secondary College, widely regarded as one of the state’s most in-demand public schools. This education-driven demand continues to underpin rental resilience, low vacancy conditions, and long-term capital growth across the suburb.

Photo ID required at all open for inspections.

Disclaimer: We have, in preparing this document, used our best endeavours to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquiries and refer to the due diligence checklist provided by Consumer Affairs. Click on the link for a copy of the due diligence checklist from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist