1 & 2/88 Somerville Road, Yarraville

Positioned in a high-exposure setting within one of Yarraville’s most tightly held pockets, this exceptional dual-title property presents a compelling opportunity for investors seeking secure income, a solid yield and long-term capital growth in a blue-chip inner-west location.

Ideally located within walking distance to Yarraville Village, Yarraville Train Station and Yarraville Gardens, the property also benefits from seamless CBD access via the West Gate Bridge and Footscray Road. Footscray’s thriving CBD, renowned for its diverse dining and café scene, is just moments away, further underpinning strong tenant demand and future growth prospects.

The asset comprises two separate titles, delivering a combined rental return of approximately $54,000 per annum. Based on a price guide of $1,000,000–$1,100,000, this represents an estimated gross yield of approximately 4.9%–5.4%, offering a balanced return with long-term upside in a proven inner-west growth corridor.

The ground floor commercial premises at 1/88 Somerville Road provides a 60m² shopfront with excellent main road exposure, securely leased to a beauty salon returning approximately $32,000 per annum. Above, 2/88 Somerville Road is a well-proportioned 70m² one-bedroom apartment generating approximately $22,000 per annum, delivering a diversified income stream across both commercial and residential tenancies.

Surrounded by key lifestyle amenities including Yarraville Village, Yarraville Square Shopping Centre and nearby Seddon Village, along with easy access to public transport and major arterials, this is a rare opportunity to secure a mixed-use investment with dual income streams, strong holding appeal and future value-add potential in one of Melbourne’s most tightly held inner-west pockets.

We donate a portion of our fee from every property transaction to the Woodards Foundation to support people experiencing homelessness, family violence and social isolation.